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Tax relief for federal disaster victims, including wildfires and East Palestine derailment.

This law introduces tax relief for individuals affected by specific federal disasters, including wildfires and the East Palestine train derailment in Ohio. This means that money received as compensation for losses, injuries, or expenses related to these disasters will not be included in gross income for tax purposes.
Key points
Compensation received in taxable years beginning after 2019 and before 2026 for losses resulting from qualified wildfire disasters (declared after 2014) is excluded from gross income.
Payments received by victims of the East Palestine train derailment (Ohio, February 2023) – including compensation for loss in property value, closing costs, or inconvenience – are treated as qualified disaster relief payments.
Individuals who receive tax-exempt compensation cannot also claim a deduction or credit for expenditures covered by those funds (denial of double benefit).
The period of limitation for filing a claim for credit or refund related to the income exclusion for wildfire compensation is extended to 1 year after the enactment date.
article Official text account_balance Process page
VOTING RESULTS
2024-05-21
98%
For 382
Against 7
Abstain 0
Full voting results open_in_new
Became Law
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_5863
Sponsor: Rep. Steube, W. Gregory [R-FL-17]
Process start date: 2023-10-02
Voting date: 2024-05-21
Meeting no: 2
Voting no: 219
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Federal Disaster Tax Relief Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5863.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-10-02.

What are the main provisions?

Key points include:

  • Compensation received in taxable years beginning after 2019 and before 2026 for losses resulting from qualified wildfire disasters (declared after 2014) is excluded from gross income.
  • Payments received by victims of the East Palestine train derailment (Ohio, February 2023) – including compensation for loss in property value, closing costs, or inconvenience – are treated as qualified disaster relief payments.
  • Individuals who receive tax-exempt compensation cannot also claim a deduction or credit for expenditures covered by those funds (denial of double benefit).
  • The period of limitation for filing a claim for credit or refund related to the income exclusion for wildfire compensation is extended to 1 year after the enactment date.
What is the specific legal status?

The current status is Became Law.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Steube, W. Gregory [R-FL-17].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 118-148.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Taxes Environment