Introduced
S. 2744
Introduced in Senate · September 18, 2025September 9, 2025
Mr. Scott of Florida introduced the following bill; which was read twice and referred to the Committee on Finance
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”.