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United States · Bill · HR

H.R. 1270 (118th)

To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

1 March 2023

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

24 July 2024

Summary

This bill excludes from gross income, for income tax purposes, compensation received by individuals and businesses for losses resulting from the East Palestine, Ohio train derailment on February 3, 2023. This includes lost business income paid by a federal, state, or local government agency, Norfolk Southern Railway, or any subsidiary, insurer, or agent of the railway, or any related person.

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Documents

3 official files

Introduced in House (text)

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