US Congress Senate Bill 2544 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Introduced on September 25 2019 - 25% progression, died in committee
Action: 2019-09-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Provides for tax relief for individuals in areas affected by Hurricanes Florence and Michael and the California wildfires. Specifically, it allows tax-free distributions from tax-preferred pension plans for disaster-related expenses, increases the limit on allowable loans from pension plans, allows employers in disaster areas a tax credit to assist in retaining employees affected by disasters, suspends the limitation on the tax deduction for charitable contributions for disaster relief, allows nonitemizing taxpayers to claim personal casualty losses, and allows the use of earned income for the preceding year for claiming the earning income and child tax credits.

Hurricanes Florence and Michael and California Wildfire Tax Relief Act

Sen. Richard Burr [R-NC]	Sen. Thom Tillis [R-NC]	Sen. Dianne Feinstein [D-CA]	Sen. Kamala Harris [D-CA]
Sen. Johnny Isakson [R-GA]	Sen. Lindsey Graham [R-SC]	Sen. Marco Rubio [R-FL]

Date	Chamber	Action
2019-09-25	Senate	Read twice and referred to the Committee on Finance.

HB536 (Related) 2019-01-14 - Referred to the House Committee on Ways and Means.
HB2145 (Related) 2019-04-09 - Referred to the House Committee on Ways and Means.
HB2284 (Related) 2019-04-10 - Referred to the House Committee on Ways and Means.
SB1133 (Related) 2019-04-10 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/2544/all-info
Text	https://www.congress.gov/116/bills/s2544/BILLS-116s2544is.pdf