[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4970 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4970

To provide an exclusion from gross income for compensation for expenses 
              and losses resulting from certain wildfires.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 27, 2023

 Mr. LaMalfa (for himself, Mr. Thompson of California, Ms. Porter, Mr. 
  Panetta, Ms. Brownley, Mr. Kiley, Mr. McClintock, and Mr. Newhouse) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
To provide an exclusion from gross income for compensation for expenses 
              and losses resulting from certain wildfires.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protect Innocent Victims Of Taxation 
After Fire Act''.

SEC. 2. EXCLUSION FROM GROSS INCOME FOR COMPENSATION FOR LOSSES OR 
              DAMAGES RESULTING FROM CERTAIN WILDFIRES.

    (a) In General.--For purposes of the Internal Revenue Code of 1986, 
gross income shall not include any amount received by an individual as 
a qualified wildfire relief payment.
    (b) Qualified Wildfire Relief Payment.--For purposes of this 
section--
            (1) In general.--The term ``qualified wildfire relief 
        payment'' means any amount paid to or for the benefit of an 
        individual as compensation for expenses or losses incurred as a 
        result of a qualified wildfire disaster, but only to the extent 
        any expense or loss compensated by such payment is not 
        otherwise compensated by insurance or otherwise.
            (2) Qualified wildfire disaster.--The term ``qualified 
        wildfire disaster'' means any federally declared disaster (as 
        defined in section 165(i)(5)(A) of the Internal Revenue Code of 
        1986) declared, after December 31, 2014, as a result any forest 
        or range fire.
    (c) Denial of Double Benefit.--Notwithstanding any other provision 
of the Internal Revenue Code of 1986, no deduction or credit shall be 
allowed (to the person for whose benefit a qualified wildfire relief 
payment is made) for, or by reason of, any expenditure to the extent of 
the amount excluded under this section with respect to such 
expenditure.
    (d) Limitation on Application.--This section shall only apply to 
qualified wildfire relief payments received by the individual during 
taxable years beginning after December 31, 2019, and before January 1, 
2026.
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