HR 1270 · 118th Congress · Taxation
To exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2023-03-01)
Plain Language Summary
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This bill excludes from gross income, for income tax purposes, compensation received by individuals and businesses for losses resulting from the East Palestine, Ohio train derailment on February 3, 2023. This includes lost business income paid by a federal, state, or local government agency, Norfolk Southern Railway, or any subsidiary, insurer, or agent of the railway, or any related person.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (12)
3 Democrats9 Republicans