Disaster Tax Relief Act of 2019

Summary

Disaster Tax Relief Act of 2019 This bill allows various tax credits, tax deductions, and modifications to existing rules for individuals and businesses affected by federally declared disasters that occurred after December 31, 2018, and before April 15, 2019. With respect to individuals and businesses in the affected areas, the bill waives the 10% additional tax on certain early distributions from retirement plans, permits individuals to recontribute funds to retirement plans if the funds were distributed for a home purchase that was cancelled on account of a disaster, increases the limit and extends the repayment deadline for loans from retirement plans, allows an employee retention tax credit for employers affected by disasters, temporarily increases the limitation on tax deductions for charitable contributions for relief efforts in disaster areas, modifies the rules for the deduction for personal casualty losses, and allows taxpayers residing in disaster areas to use earned income from the immediately preceding year for the purpose of determining earned income for the earned income tax credit and the child tax credit.

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Timeline

1. 10 April 2019

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 10 April 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 10 April 2019 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 10 April 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 10 April 2019

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 10 April 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

• Sen. Fischer, Deb [R-NE] · R · Sponsor
• Sen. Ernst, Joni [R-IA] · R · Sponsor
• Sen. Sasse, Ben [R-NE] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → Hurricane Florence Tax Relief Act
• related to → 2018 Natural Disasters Tax Relief Act
• related to → Disaster Tax Relief Act of 2019
• related to → Tax Extender and Disaster Relief Act of 2019
• related to → Further Consolidated Appropriations Act, 2020
• related to ← Disaster Tax Relief Act of 2019
• related to ← TREAD Act
• related to ← To provide a temporary increase in the limitation on deductible contributions made for relief efforts related to Hurricane Dorian.
• related to ← Hurricanes Florence and Michael and California Wildfire Tax Relief Act