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S 4596 116th Congress Senate Taxation Business expenses Disaster relief and insurance Employee benefits and pensions Housing finance and home ownership Income tax credits Income tax deductions Income tax exclusion Tax administration and collection, taxpayers U.S. territories and protectorates Wages and earnings

Disaster Tax Relief Act of 2020

Introduced: September 16, 2020 Introduced by: Ernst, Joni Republican · Iowa See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 16, 2020
Read twice and referred to the Committee on Finance.
Sep 16, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

Disaster Tax Relief Act of 2020

This bill sets forth tax relief provisions for individual and business taxpayers residing in a disaster zone during the period beginning on July 1, 2020, and ending 60 days after the enactment of this bill.

Specifically, the bill

  • allows penalty-free disaster-relief withdrawals from tax-exempt retirement plans up to $100,000,
  • permits recontributions of such withdrawals for home purchases cancelled due to disasters,
  • increases to $100,000 the limit on loans for disaster assistance from retirement plans,
  • allows employers affected by a disaster a 40% tax credit for the purpose of retaining employees,
  • increases the tax deduction for corporate disaster relief contributions,
  • enhances the tax deduction for disaster-related personal casualty losses,
  • permits the calculation of the earned income tax credit based upon income earned prior to 2020, and
  • reimburses U.S. possessions for losses sustained due to the application of the provisions of this bill.
What's happening now September 16, 2020

Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • S 4621 Related bill 2020 Disasters Tax Relief Act
  • HR 8440 Related bill Disaster Tax Relief Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Cassidy, Bill
Louisiana · Sep 16, 2020
 R
Grassley, Chuck
Iowa · Sep 16, 2020
 R
Kennedy, John
Louisiana · Sep 16, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4596: Disaster Tax Relief Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4596/
MLA
"S. 4596: Disaster Tax Relief Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4596/.
Bluebook (legal)
S. 4596, 116th Cong. (2026), https://openamerica.io/bill/116-S-4596/.
Markdown link
[S. 4596: Disaster Tax Relief Act of 2020](https://openamerica.io/bill/116-S-4596/)
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