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House Passes Bipartisan Federal Disaster Tax Relief Act for 47 States

May 21, 2024, 11:24 PM

The House of Representatives has passed the Federal Disaster Tax Relief Act, a bipartisan bill aimed at providing tax relief to Americans affected by natural disasters. The legislation, which was advocated by Rep. Greg Steube and supported by multiple representatives, offers financial relief to individuals and families impacted by wildfires, hurricanes, and other catastrophes in 47 states. Key supporters include Rep. Jahana Hayes, who signed a discharge petition to force a vote, and Sen. Rick Scott, who highlighted the prolonged recovery efforts in Florida following hurricanes Ian and Idalia. The bill allows taxpayers in disaster areas to fully deduct disaster-related losses from their taxes, offering critical support to communities in states like Iowa, Michigan, Delaware, and Colorado. Other notable supporters include Rep. Cuellar, Rep. Feenstra, Rep. Scholten, Rep. LaMalfa, Rep. LBR, Rep. Pettersen, Rep. Thompson, and Rep. Franklin. The act now awaits consideration in the Senate.