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117-hr-7305117th Congress

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.

Sponsored By: Representative Thompson, Mike [D-CA-4]

Unknown

Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Thompson, Mike [D-CA-4]

CA • D

Cosponsors

  • Rep. LaMalfa, Doug [R-CA-1]

    CA • R

    Sponsored 3/30/2022

  • Rep. Matsui, Doris O. [D-CA-7]

    CA • D

    Sponsored 5/3/2022

  • Rep. Harder, Josh [D-CA-9]

    CA • D

    Sponsored 5/3/2022

  • Rep. Eshoo, Anna G. [D-CA-16]

    CA • D

    Sponsored 5/3/2022

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 5/3/2022

  • Rep. Huffman, Jared [D-CA-2]

    CA • D

    Sponsored 6/3/2022

  • Rep. Waters, Maxine [D-CA-43]

    CA • D

    Sponsored 6/3/2022

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 6/3/2022

  • Rep. DeFazio, Peter A. [D-OR-4]

    OR • D

    Sponsored 6/8/2022

  • Rep. Lieu, Ted [D-CA-36]

    CA • D

    Sponsored 6/21/2022

  • Rep. DeSaulnier, Mark [D-CA-10]

    CA • D

    Sponsored 7/12/2022

  • Rep. Brownley, Julia [D-CA-26]

    CA • D

    Sponsored 9/2/2022

  • Rep. McClintock, Tom [R-CA-5]

    CA • R

    Sponsored 10/18/2022

  • Rep. Levin, Mike [D-CA-49]

    CA • D

    Sponsored 12/15/2022

Roll Call Votes

No roll call votes available for this bill.

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