Bill Sponsor
House Bill 1148
116th Congress(2019-2020)
2018 Natural Disasters Tax Relief Act
Introduced
Introduced
Introduced in House on Feb 11, 2019
Overview
Text
Sponsor
Introduced
Feb 11, 2019
Latest Action
Feb 11, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1148
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Republican
South Carolina
Republican
Florida
Republican
Florida
Democrat
Northern Mariana Islands
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

2018 Natural Disasters Tax Relief Act

This bill 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.

Text (1)
February 11, 2019
Actions (2)
02/11/2019
Referred to the House Committee on Ways and Means.
02/11/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 4:02:59 PM