118th Congress (2023–2025) · House bill · Sponsor: Rep. Steube, W. Gregory [R-FL-17]
This page covers HR5863 in the 118th Congress. Bill numbers start over every Congress, so HR5863 in another Congress is a different bill.
| Item | Detail |
|---|---|
| Roll-call votes | 1 |
| Chamber | House |
| Latest vote | 2024-05-21: Passed |
| Latest action | 2024-12-12: Became Public Law No: 118-148. |
| Policy area | Taxation |
| Official record | Congress.gov |
Federal Disaster Tax Relief Act of 2023This act extends the time period during which an area impacted by a major disaster may be considered a qualified disaster area, which allows certain taxpayers to qualify for an increased tax deduction for losses attributable to the disaster. This act also excludes East Palestine, Ohio, train derailment payments and qualified wildfire relief payments from income for federal tax purposes and extends the statute of limitations period for some refund or credit claims resulting from qualified wildfire relief payments. Generally, individual taxpayers may claim an itemized tax deduction for unreimbursed personal casualty losses attributable to a federally declared disaster, to the extent that the loss exceeds $100 per casualty and total annual losses exceed 10% of adjusted gross income. However, personal casualty losses attributable to a qualified disaster area are deductible to the extent that they exceed $500 per casualty even if the taxpayer claims the standard deduction (rather than itemizing tax deductions) and are not subject to the 10% of adjusted gross income limitation. A qualified disaster area is an area impacted by a major disaster during a specific period of time. The act extends the time period during which an area impacted by a major disaster may be considered a qualified disaster area and, therefore, allows disaster-related personal casualty losses sustained within those areas to be deducted to the extent such losses exceed $500 per casualty. The act also treats East Palestine train derailment payments as qualified disaster…
Subjects: Accidents, Disaster relief and insurance, Fires, Forests, forestry, trees, Income tax exclusion, Railroads
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date | Chamber | Question | Result | Yea | Nay | Not voting | Record |
|---|---|---|---|---|---|---|---|
| 2024-05-21 | House | 2/3 Yea-And-Nay | Passed | 333 | 4 | 29 | Official tally |
HR5863 (Federal Disaster Tax Relief Act of 2023) was introduced in the 118th Congress (2023–2025) by Rep. Steube, W. Gregory [R-FL-17].
On 2024-12-12: Became Public Law No: 118-148.
1 recorded vote in the 118th Congress. The most recent, on 2024-05-21, was "2/3 Yea-And-Nay": Passed.