Protect Innocent Victims of Taxation After Fire Extension Act
Cosponsors (8)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
- Blake D. Moore (R-UT-1)Original· 2025-09-09
- Brad Sherman (D-CA-32)Original· 2025-09-09
- Cliff Bentz (R-OR-2)Original· 2025-09-09
- Janelle S. Bynum (D-OR-5)Original· 2025-09-09
- Mike Thompson (D-CA-4)Original· 2025-09-09
- Tom McClintock (R-CA-5)Original· 2025-09-09
- Eugene Simon Vindman (D-VA-7)· 2025-09-26
- Joe Neguse (D-CO-2)· 2025-10-08
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2025-09-09
Previously
- Ways and Means CommitteeReferred To · 2025-09-09
Plain-English Summary
This bill would allow property owners who lose their homes or businesses in fires to deduct the value of their destroyed property from their taxes, rather than having to pay taxes on insurance payments they receive to rebuild. The measure aims to prevent homeowners and business owners from facing a "double hit" of losing their property while also owing federal taxes on the compensation they receive. It would primarily benefit people in fire-prone areas who have experienced significant losses.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.