US SB1133 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on April 10 2019 - 25% progression, died in committee
Action: 2019-04-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 10 2019 - 25% progression, died in committee
Action: 2019-04-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Disaster Tax Relief Act of 2019
Sponsors
Sen. Deb Fischer [R-NE] | Sen. Joni Ernst [R-IA] | Sen. Ben Sasse [R-NE] | Sen. Chuck Grassley [R-IA] |
History
Date | Chamber | Action |
---|---|---|
2019-04-10 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB536 (Related) 2019-01-14 - Referred to the House Committee on Ways and Means.
HB1148 (Related) 2019-02-11 - Referred to the House Committee on Ways and Means.
HB2145 (Related) 2019-04-09 - Referred to the House Committee on Ways and Means.
SB617 (Related) 2019-03-04 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 28.
HB2284 (Same As) 2019-04-10 - Referred to the House Committee on Ways and Means.
HB3287 (Related) 2019-06-13 - Referred to the House Committee on Ways and Means.
HB4415 (Related) 2019-09-19 - Referred to the House Committee on Ways and Means.
SB2544 (Related) 2019-09-25 - Read twice and referred to the Committee on Finance.
HB1865 (Related) 2019-12-20 - Became Public Law No: 116-94. (TXT | PDF)
HB1148 (Related) 2019-02-11 - Referred to the House Committee on Ways and Means.
HB2145 (Related) 2019-04-09 - Referred to the House Committee on Ways and Means.
SB617 (Related) 2019-03-04 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 28.
HB2284 (Same As) 2019-04-10 - Referred to the House Committee on Ways and Means.
HB3287 (Related) 2019-06-13 - Referred to the House Committee on Ways and Means.
HB4415 (Related) 2019-09-19 - Referred to the House Committee on Ways and Means.
SB2544 (Related) 2019-09-25 - Read twice and referred to the Committee on Finance.
HB1865 (Related) 2019-12-20 - Became Public Law No: 116-94. (TXT | PDF)
Subjects
Charitable contributions
Disaster relief and insurance
Employee benefits and pensions
Housing finance and home ownership
Income tax credits
Income tax deductions
Income tax exclusion
Taxation
Wages and earnings
Disaster relief and insurance
Employee benefits and pensions
Housing finance and home ownership
Income tax credits
Income tax deductions
Income tax exclusion
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1133/all-info |
Text | https://www.congress.gov/116/bills/s1133/BILLS-116s1133is.pdf |