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HR 1148 116th Congress House Taxation Alabama American Samoa California Charitable contributions Disaster relief and insurance Employee benefits and pensions Fires Floods and storm protection Government employee pay, benefits, personnel management Guam Hawaii Income tax credits Income tax deductions Income tax deferral Income tax exclusion Indiana Natural disasters North Carolina Northern Mariana Islands

2018 Natural Disasters Tax Relief Act

Introduced: February 11, 2019 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 2019
Referred to the House Committee on Ways and Means.
Feb 11, 2019
Introduced in House
 Plain-English summary Congressional Research Service

2018 Natural Disasters Tax Relief Act

This bill permits penalty-free distributions from tax-exempt retirement plans for disaster-related purposes. It also allows an employer whose business was closed during a natural disaster an employee retention credit for 40% of the first $6,000 in wages paid to an eligible employee.

The bill allows a temporary suspension of limitations on charitable contributions made for relief efforts in one or more qualified disaster areas and sets forth special rules for personal casualty losses and for determining the earned income tax credit for individuals residing in qualified disaster areas or zones.

The bill provides for a mandatory 60-day extension of certain tax deadlines for individuals and business owners in a disaster area.

What's happening now February 11, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1