8314 -- Disaster RELIEF Act | Poliscope

Disaster RELIEF Act

8314

116th Congress

Taxation

In Committee

Disaster RELIEF Act

Legislative Progress

✓

Introduced

Committee

Floor Vote

Other Chamber

Enacted

Introduced

September 18, 2020

Latest Action

September 18, 2020

Primary Sponsor

Abby FinkenauerDemocratic(IA)

Momentum (last 30 days)

score

0 actions · 0 new cosponsors · 0 votes

Speed vs cohort

0pct

0d open

vs 9,062 other HR bills in the 116th — cohort avg 39d

Summary

Disaster Recovery for Economies, Local Individuals, Employers, and Families Act of 2020 or the Disaster RELIEF Act This bill provides tax relief measures for individual and business taxpayers in qualified disaster areas during a specified period, other than areas for which a disaster has been declared solely by reason of COVID-19 (i.e., coronavirus disease 2019). Specifically, the bill provides employers in a disaster area a tax credit designed to retain employees by allowing a credit for 40% of their employee wages, not exceeding $6,000 for each employee. It also allows an enhanced tax deduction for personal casualty losses incurred in a disaster area.

Subjects (5)

Business expenses

Disaster relief and insurance

Income tax credits

Income tax deductions

Wages and earnings

Actions (2)

September 18, 2020

Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

September 18, 2020

Introduced in House

Congress.gov source codes: 1000, Intro-H