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Doug LaMalfa Federal Disaster Tax Relief Certainty Act

Bill Number
H.R. 5366
Origin Chamber
House
Congress
119th Congress, Session 2
Policy Area
Taxation
Status
Passed House
Latest Action
2026-04-28: Received in the Senate and Read twice and referred to the Committee on Finance.
Last Updated
2026-06-11T23:41:32Z

AI-Generated Summary

Doug LaMalfa Federal Disaster Tax Relief Certainty Act (H.R. 5366)

Purpose

To permanently codify and extend tax relief rules in the Internal Revenue Code (IRC) for personal casualty losses from major federally declared disasters and to exclude certain compensation received for wildfire-related losses or damages from taxable income. This provides ongoing certainty for disaster victims by replacing temporary provisions with standard code language, covering disasters through 2027.

Key Provisions

Casualty Loss Deductions for Major Disasters (Section 2)

Exclusion for Wildfire Compensation (Section 3)

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Rep. Steube, W. Gregory [R-FL-17]

Cosponsors (14)

Rep. Thompson, Mike [D-CA-4], Rep. LaMalfa, Doug [R-CA-1], Rep. Panetta, Jimmy [D-CA-19], Rep. Vindman, Eugene Simon [D-VA-7], Rep. Neguse, Joe [D-CO-2], Rep. Min, Dave [D-CA-47], Rep. Crow, Jason [D-CO-6], Rep. Tokuda, Jill N. [D-HI-2], Rep. Donalds, Byron [R-FL-19], Rep. Bilirakis, Gus M. [R-FL-12], Rep. Diaz-Balart, Mario [R-FL-26], Rep. Moore, Gwen [D-WI-4], Rep. Bergman, Jack [R-MI-1], Rep. Wilson, Joe [R-SC-2]

Recent Actions

Bill Versions

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