US HB1148 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on February 11 2019 - 25% progression, died in committee
Action: 2019-02-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 11 2019 - 25% progression, died in committee
Action: 2019-02-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Permits penalty-free distributions from tax-exempt retirement plans for disaster-related purposes. It also allows an employer whose business was closed during a natural disaster an employee retention credit for 40% of the first $6,000 in wages paid to an eligible employee. The bill allows a temporary suspension of limitations on charitable contributions made for relief efforts in one or more qualified disaster areas and sets forth special rules for personal casualty losses and for determining the earned income tax credit for individuals residing in qualified disaster areas or zones. The bill provides for a mandatory 60-day extension of certain tax deadlines for individuals and business owners in a disaster area.
Title
2018 Natural Disasters Tax Relief Act
Sponsors
| Rep. Tom Rice [R-SC] | Rep. Neal Dunn [R-FL] | Rep. Gregorio Sablan [D-MP] | Rep. Matt Gaetz [R-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-11 | House | Referred to the House Committee on Ways and Means. |
| 2019-02-11 | House | Introduced in House |
Same As/Similar To
HB536 (Related) 2019-01-14 - Referred to the House Committee on Ways and Means.
HB1095 (Related) 2019-02-07 - Referred to the House Committee on Ways and Means.
SB1133 (Related) 2019-04-10 - Read twice and referred to the Committee on Finance.
HB2284 (Related) 2019-04-10 - Referred to the House Committee on Ways and Means.
HB2145 (Related) 2019-04-09 - Referred to the House Committee on Ways and Means.
HB3301 (Similar To) 2020-01-21 - Placed on the Union Calendar, Calendar No. 300.
HB3287 (Related) 2019-06-13 - Referred to the House Committee on Ways and Means.
HB1095 (Related) 2019-02-07 - Referred to the House Committee on Ways and Means.
SB1133 (Related) 2019-04-10 - Read twice and referred to the Committee on Finance.
HB2284 (Related) 2019-04-10 - Referred to the House Committee on Ways and Means.
HB2145 (Related) 2019-04-09 - Referred to the House Committee on Ways and Means.
HB3301 (Similar To) 2020-01-21 - Placed on the Union Calendar, Calendar No. 300.
HB3287 (Related) 2019-06-13 - Referred to the House Committee on Ways and Means.
Subjects
Alabama
American Samoa
California
Charitable contributions
Disaster relief and insurance
Employee benefits and pensions
Fires
Floods and storm protection
Government employee pay, benefits, personnel management
Guam
Hawaii
Income tax credits
Income tax deductions
Income tax deferral
Income tax exclusion
Indiana
Natural disasters
North Carolina
Northern Mariana Islands
Tax administration and collection, taxpayers
Tax treatment of families
Taxation
Texas
U.S. territories and protectorates
Wages and earnings
Wisconsin
American Samoa
California
Charitable contributions
Disaster relief and insurance
Employee benefits and pensions
Fires
Floods and storm protection
Government employee pay, benefits, personnel management
Guam
Hawaii
Income tax credits
Income tax deductions
Income tax deferral
Income tax exclusion
Indiana
Natural disasters
North Carolina
Northern Mariana Islands
Tax administration and collection, taxpayers
Tax treatment of families
Taxation
Texas
U.S. territories and protectorates
Wages and earnings
Wisconsin
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/1148/all-info |
| Text | https://www.congress.gov/116/bills/hr1148/BILLS-116hr1148ih.pdf |
