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Federal Disaster Tax Relief Act of 2025
9/22/2025, 4:32 PM
Summary of Bill S 2744
The bill introduced in the 119th Congress with the title "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" aims to make amendments to the Internal Revenue Code related to personal casualty losses from major disasters and the exclusion of income for losses or damages caused by specific wildfires.
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Current Status of Bill S 2744
Bill S 2744 is currently in the status of Bill Introduced since September 9, 2025. Bill S 2744 was introduced during Congress 119 and was introduced to the Senate on September 9, 2025. Bill S 2744's most recent activity was Read twice and referred to the Committee on Finance. as of September 9, 2025
Bipartisan Support of Bill S 2744
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2744
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 2744
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.
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.
Comments
Sponsors and Cosponsors of S 2744
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