Protect Innocent Victims of Taxation After Fire Extension Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3372 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 3372 To amend the Internal Revenue Code of 1986 to exclude qualified wildfire relief payments from gross income, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 4, 2025 Mr. Padilla (for himself, Ms. Lummis, Mr. Wyden, and Mr. Sheehy) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exclude qualified wildfire relief payments from gross income, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protect Innocent Victims of Taxation After Fire Extension Act''. SEC. 2. EXCLUSION FROM GROSS INCOME FOR COMPENSATION FOR LOSSES OR DAMAGES RESULTING FROM WILDFIRES. (a) In General.--Part III of subchapter B of chapter 1 of the Internal Revenu…