HR 1270
118th Congress
House
Taxation
To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.
Introduced: March 1, 2023
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 2023
Referred to the House Committee on Ways and Means.
Mar 1, 2023
Introduced in House
Plain-English summary
This bill excludes from gross income, for income tax purposes, compensation received by individuals and businesses for losses resulting from the East Palestine, Ohio train derailment on February 3, 2023. This includes lost business income paid by a federal, state, or local government agency, Norfolk Southern Railway, or any subsidiary, insurer, or agent of the railway, or any related person.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1