Engrossed
H. R. 5366
September 15, 2025
Mr. Steube (for himself, Mr. Thompson of California, Mr. LaMalfa, and Mr. Panetta) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires.
Compensation for losses or damages resulting from certain wildfires
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Federal Disaster Tax Relief Act of 2025”.