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- S.4666
S.4666: A bill to amend the Internal Revenue Code of 1986 to establish a deduction for attorney fees awarded with respect to certain wildfire damages and to exclude from gross income settlement funds received with respect to such damages.
About This Bill
- Introduced July 28, 2022
- Latest Major Action July 28, 2022
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Version
- Introduced in Senate - July 28, 2022
Bill Summary
This bill allows a deduction from gross income (above the line deduction) for attorney fees and court costs awarded with respect to a qualifying wildfire disaster (i.e., any forest or range fire that is a federally declared disaster, occurs in a disaster area, and occurs in 2015 or later). The bill excludes from the gross income of a taxpayer, for income tax purposes, amounts paid to compensate victims for losses or damages in connection with...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
July 28, 2022 |
Read twice and referred to the Committee on Finance.
|
July 28, 2022 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3784)
|
July 28, 2022 |
Introduced in the Senate by Dianne Feinstein (D-Calif.) |