# 116-hr-8440: Disaster Tax Relief Act of 2020

116-hr-8440, Disaster Tax Relief Act of 2020, is a 116th Congress bill sponsored by Rep. Thompson, Mike [D-CA-4] (D-CA); status Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8440
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8440
- Congress: 116
- Title: Disaster Tax Relief Act of 2020
- Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2020-09-29
- Sponsor: Rep. Thompson, Mike [D-CA-4] (D-CA)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Disaster Tax Relief Act of 2020 This bill sets forth tax relief provisions for taxpayers residing in a disaster zone. Specifically, the bill allows penalty-free qualified disaster distributions from tax-exempt retirement plans up to $100,000, allows recontributions of distributions for home purchases cancelled due to disasters, increases to $100,000 the limit on loans from retirement plans not treated as distributions, allows an employee retention tax credit for 40% of wages paid by employers affected by a disaster, expands eligibility for disaster-related personal casualty losses, permits the calculation of the earned income tax credit based upon income earned prior to 2020, and suspends the limitation on corporate charitable contributions.

## Cosponsors (2)

- Rep. Blumenauer, Earl [D-OR-3] (D-OR), 2020-09-29T00:00:00.000Z
- Rep. Finkenauer, Abby [D-IA-1] (D-IA), 2020-09-29T00:00:00.000Z

## Related bills

- 116-hr-8266: FEMA Assistance Relief Act of 2020
- 116-hr-8171: Save our Social Security Now Act
- 116-hr-8015: Delivering for America Act
- 116-hr-7806: SOS Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7481: RESTART Act

## Sources
- [116-hr-8440 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8440)

## Related
- [116-hr-8266: FEMA Assistance Relief Act of 2020](https://policyrisk.com/legislation/116-hr-8266)
- [116-hr-8171: Save our Social Security Now Act](https://policyrisk.com/legislation/116-hr-8171)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7806: SOS Act](https://policyrisk.com/legislation/116-hr-7806)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7481: RESTART Act](https://policyrisk.com/legislation/116-hr-7481)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8440 (as of 2025-11-18).