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Senate committee advances memorial urging permanent federal tax exemption for wildfire settlements
Summary
The Senate Committee on Natural Resources and Wildfire voted 5–0 to send House Joint Memorial 201 to the floor, urging Congress to permanently exempt disaster payments and liability awards for wildfire victims from federal income tax to help maximize recovery funds for affected Oregonians.
Chair Golden opened the committee’s public hearing on House Joint Memorial 201 and members heard testimony from the bill’s chief sponsor, Representative Jamie Kate (House District 11). Kate told the committee HJM 201 "ask[s] Congress to permanently renew federal tax exemptions for disaster payments that expired at the end of last year," and said the federal exemption is "critical for many areas around the country struggling to recover from disasters."
Kate described the stakes for victims of the…
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