2020 Sierra National Forest Creek Fire in California
Credit: USFS
November 4, 2023 - The Rural County Representatives of California (RCRC) reports on November 2nd, the House Ways and Means Committee passed a disaster tax package, which includes the Protect Innocent Victims of Taxation After Fire Act (H.R. 4970) co-authored by Congressmen Doug LaMalfa (R-Richvale) and Mike Thompson (D-St. Helena).
The bill excludes from gross income, for income tax purposes, any amount received after 2019 and before 2026 by an individual taxpayer as a qualified wildfire relief payment.
The bill defines such payment as compensation for expenses or losses incurred as a result of a federally declared forest or range fire disaster. It now moves to the House floor for consideration.
ABOUT RURAL COUNTY REPRESENTATIVES OF CALIFORNIA (RCRC)
The Rural County Representatives of California (RCRC) is a thirty-seven member county strong service organization that champions policies on behalf of California’s rural counties. RCRC is dedicated to representing the collective unique interests of its membership, providing legislative and regulatory representation at the State and Federal levels, and providing responsible services for its members to enhance and protect the quality of life in rural California counties. To learn more about RCRC, visit rcrcnet.org and follow @RuralCounties on Twitter, Facebook and Instagram.
Source: RCRC
