3.0.0 8314 2023-01-11T13:44:56Z 2023-01-11T13:44:56Z House HR 2020-09-18 116 [Congressional Record Volume 166, Number 162 (Friday, September 18, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. FINKENAUER:H.R. 8314.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 18 of the UnitedStates Constitution.[Page H4547]]]> hssm00 Small Business Committee House Standing Referred to 2020-09-18T16:00:15Z hswm00 Ways and Means Committee House Standing Referred to 2020-09-18T16:00:10Z Disaster Tax Relief Act of 2020 116 8440 HR 2020-09-29 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS 2020-09-18 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2020-09-18 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-09-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-09-18 Introduced in House IntroReferral 1000 9 Library of Congress F000467 Rep. Finkenauer, Abby [D-IA-1] Abby Finkenauer D IA 1 N Taxation Business expenses Disaster relief and insurance Income tax credits Income tax deductions Wages and earnings Taxation 00 2020-09-18 Introduced in House 2020-11-12T16:08:47Z Disaster Recovery for Economies, Local Individuals, Employers, and Families Act of 2020 or the Disaster RELIEF Act

This bill provides tax relief measures for individual and business taxpayers in qualified disaster areas during a specified period, other than areas for which a disaster has been declared solely by reason of COVID-19 (i.e., coronavirus disease 2019).

Specifically, the bill provides employers in a disaster area a tax credit designed to retain employees by allowing a credit for 40% of their employee wages, not exceeding $6,000 for each employee. It also allows an enhanced tax deduction for personal casualty losses incurred in a disaster area.

]]> Disaster RELIEF Act Display Title Disaster RELIEF Act Short Title(s) as Introduced Disaster RELIEF Act Introduced in House IH Short Title(s) as Introduced Disaster Recovery for Economies, Local Individuals, Employers, and Families Act of 2020 Introduced in House IH Official Title as Introduced To provide with respect to recent disasters an employee retention credit for employers affected by such disasters and rules for disaster-related personal casualty losses. Introduced in House IH Introduced in House 2020-09-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8314ih/xml/BILLS-116hr8314ih.xml 2020-09-18 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.