H.R. 3287 116th Congress House

TREAD Act

Official title: To amend the Internal Revenue Code of 1986 to provide for permanent disaster relief.

Introduced: September 24, 2019 See on congress.gov

Taxation Charitable contributionsDisaster relief and insuranceGovernment employee pay, benefits, personnel managementGuam

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Income tax creditsIncome tax deductionsIncome tax deferralIncome tax exclusionNatural disastersNorthern Mariana IslandsTax administration and collection, taxpayersTax treatment of familiesU.S. territories and protectoratesWages and earnings

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 13, 2019

Referred to the House Committee on Ways and Means.

Jun 13, 2019

Introduced in House

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Latest action June 13, 2019

Referred to the House Committee on Ways and Means.

Plain-English summary Congressional Research Service

Tax Relief and Expedited Assistance for Disasters Act of 2019 or the TREAD Act

This bill provides tax relief for qualified disaster areas (i.e., an area, excluding a California wildfire disaster area, for which a major disaster was declared on or after January 1, 2018). Specifically, the bill provides for distributions and loans from retirement plans for disaster assistance, a tax credit for wages paid by employers in a qualified disaster area, a temporary suspension of limitations on the deductibility of charitable contributions, and an automatic extension of filing deadlines for taxpayers affected by disasters.

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