H.R.3954: Disaster Tax Relief Act of 2021

About This Bill

  • Introduced June 16, 2021
  • Latest Major Action July 20, 2021

Bill Version

Bill Summary

Disaster Tax Relief Act of 2021 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)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.3954.

Bill Actions

Date Description
July 20, 2021
Referred to the Subcommittee on General Farm Commodities and Risk Management.
June 16, 2021
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Agriculture, 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.
June 16, 2021

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

Close Comment Creative Commons Donate Email Facebook Mobile Phone Podcast Print Google News logo Google_NewsInitiative_Lockup_FullColor RSS Search Search Twitter WhatsApp Resolving differences Check Building Arrow right Info circle Oops OOPS Pencil File text Bars Search Close Cogs Filter Compare Revolving Door Info card Activity Member menu Globe Document External link Quote News Calendar No Vote
Current site Current page