H.R.8440: Disaster Tax Relief Act of 2020

About This Bill

  • Introduced Sept. 29, 2020
  • Latest Major Action Sept. 29, 2020

Bill Cosponsors

2 (All Democrats)

Bill Version

Bill Summary

Disaster Tax Relief Act of 2020 This bill sets forth tax relief provisions for taxpayers residing in a disaster zone. Specifically, the bill allows penalty-free qualified disaster distributions from tax-exempt retirement plans up to $100,000, allows recontributions of distributions for home purchases cancelled due to disasters, increases to $100,000 the limit on loans from retirement plans not treated as distributions, allows an employee...

(Source: Library of Congress)

Bill Actions

Date Description
Sept. 29, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sept. 29, 2020

Introduced in the House by Mike Thompson (D-Calif.)

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