To provide tax relief with respect to certain Federal disasters.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To provide tax relief with respect to certain Federal disasters., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Environment, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H60EB658EB8504EBBAC52256CF4807BC6: 1. Short title This Act may be cited as the Federal Disaster Tax Relief Act of 2023.
- Section H29BF34F6171747D3BDA671B986064056: 2. Extension of rules for treatment of certain disaster-related personal casualty losses For purposes of applying section 304(b) of the Taxpayer Certainty and...
- Section H65BF7DD0CD4648989E458C796353FFAA: 3. Exclusion from gross income for compensation for losses or damages resulting from certain wildfires For purposes of the Internal Revenue Code of 1986, gross...
- Section H2F35BD210CEC453ABB92F51A5D09C4C9: 4. East Palestine disaster relief payments East Palestine train derailment payments shall be treated as qualified disaster relief payments for purposes of...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
This bill, To provide tax relief with respect to certain Federal disasters., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Environment, Labor
Primary Purpose
This bill, To provide tax relief with respect to certain Federal disasters., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
Contextual inference, no direct clause citation- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
ReportedReceived; read twice and referred to the Committee on Finance
Additional sponsors: Mr. LaMalfa, Mr. Thompson of California, Mr. Johnson …
Reported with an amendment, committed to the Committee of the …
Mr. Steube introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology