118 S3678 IS: Federal Disaster Tax Relief Act of 2024 U.S. Senate 2024-01-25 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II118th CONGRESS2d SessionS. 3678IN THE SENATE OF THE UNITED STATESJanuary 25, 2024Mr. Cassidy (for himself and Ms. Butler) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to extend the time during which a qualified disaster may have occurred for purposes of the special rules for personal casualty losses.

1.

Short title

This Act may be cited as the Federal Disaster Tax Relief Act of 2024.

2.

Extension of rules for treatment of certain disaster-related personal casualty losses

For purposes of applying section 304(b) of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, section 301 of such Act shall be applied by substituting the Federal Disaster Tax Relief Act of 2024 for this Act each place it appears.