Washington, Aug. 11 -- Rep. Mike Thompson issued the following press release:
Washington, D.C. - On Friday, the Senate unanimously passed Rep. Mike Thompson (D-CA-04), Rep. Greg Steube (R-FL-17), Rep. Jimmy Panetta (D-CA-19), Senator Alex Padilla (D-CA), and Senator Adam Schiff's (D-CA) Doug LaMalfa Federal Disaster Tax Relief Certainty Act (H.R. 5366) to ensure wildfire survivors are not taxed on compensation they receive for losses and damages suffered during a federally declared wildfire disaster before January 1, 2027. This bill extends Thompson and Steube's landmark 2024 law providing tax relief for individuals impacted by federally declared disasters.
"Fire survivors have been through enough in the wake of losing their homes and liv...