2018 Natural Disasters Tax Relief Act

Summary

2018 Natural Disasters Tax Relief Act This bill permits penalty-free distributions from tax-exempt retirement plans for disaster-related purposes. It also allows an employer whose business was closed during a natural disaster an employee retention credit for 40% of the first $6,000 in wages paid to an eligible employee. The bill allows a temporary suspension of limitations on charitable contributions made for relief efforts in one or more qualified disaster areas and sets forth special rules for personal casualty losses and for determining the earned income tax credit for individuals residing in qualified disaster areas or zones. The bill provides for a mandatory 60-day extension of certain tax deadlines for individuals and business owners in a disaster area.

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Timeline

1. 11 February 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 11 February 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 February 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 February 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 February 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 February 2019

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 11 February 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Rice, Tom [R-SC-7] · R · Sponsor
• Rep. Dunn, Neal P. [R-FL-2] · R · Sponsor
• Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] · D · Sponsor
• Rep. Gaetz, Matt [R-FL-1] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Hurricane Florence Tax Relief Act
• related to → Disaster Certainty Act of 2019
• related to ← Disaster Tax Relief Act of 2019
• related to ← Disaster Tax Relief Act of 2019
• related to ← Disaster Tax Relief Act of 2019
• related to ← TREAD Act
• related to ← Taxpayer Certainty and Disaster Tax Relief Act of 2019