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HR 7305 117th Congress House Taxation

To amend the Internal Revenue Code of 1986 to establish a deduction for attorney fees awarded with respect to certain wildfire damages and to exclude from gross income settlement funds received with…

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To amend the Internal Revenue Code of 1986 to establish a deduction for attorney fees awarded with respect to certain wildfire damages and to exclude from gross income settlement funds received with respect to such damages.

Introduced: May 3, 2022 Introduced by: Thompson, Mike Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 30, 2022
Introduced in House
Mar 30, 2022
Referred to the House Committee on Ways and Means.
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 Plain-English summary Congressional Research Service

This bill allows a deduction from gross income (above the line deduction) for attorney fees and court costs awarded with respect to a qualifying wildfire disaster (i.e., any forest or range fire that is a federally declared disaster, occurs in a disaster area, and occurs in 2015 or later).

The bill excludes from the gross income of a taxpayer, for income tax purposes, amounts paid to compensate victims for losses or damages in connection with a qualifying wildfire disaster.

What's happening now March 30, 2022

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 4666 Related bill A bill to amend the Internal Revenue Code of 1986 to establish a deduction for attorney fees awarded with respect to ce…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 10 Republican 1
D
Levin, Mike
California · Dec 15, 2022
 R
McClintock, Tom
California · Oct 18, 2022
 D
Brownley, Julia
California · Sep 2, 2022
 D
DeSaulnier, Mark
California · Jul 12, 2022
 D
Lieu, Ted
California · Jun 21, 2022
DEFAZIO, PETER
· Jun 8, 2022
 D
Huffman, Jared
California · Jun 3, 2022
 D
Sherman, Brad
California · Jun 3, 2022
 D
Waters, Maxine
California · Jun 3, 2022
Eshoo, Anna
· May 3, 2022
 D
Harder, Josh
California · May 3, 2022
 D
Matsui, Doris O.
California · May 3, 2022
 D
Panetta, Jimmy
California · May 3, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7305: To amend the Internal Revenue Code of 1986 to establish a deduction for attorney fees awarded with respect to certain wildfire damages and to exclude from gross income settlement funds received with respect to such damages.. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7305/
MLA
"H.R. 7305: To amend the Internal Revenue Code of 1986 to establish a deduction for attorney fees awarded with respect to certain wildfire damages and to exclude from gross income settlement funds received with respect to such damages.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7305/.
Bluebook (legal)
H.R. 7305, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7305/.
Markdown link
[H.R. 7305: To amend the Internal Revenue Code of 1986 to establish a deduction for attorney fees awarded with respect to certain wildfire damages and to exclude from gross income settlement funds received with respect to such damages.](https://openamerica.io/bill/117-HR-7305/)
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