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Ways and Means advances LaMalfa disaster tax bill to protect disaster recoveries from taxation
Summary
The committee unanimously reported H.R. 5366 (renamed the Doug LaMalfa Federal Disaster Tax Relief Act), extending casualty‑loss rules and excluding certain wildfire and disaster compensation from income; JCT estimated a $408 million revenue loss over FY2026–2036.
The House Ways and Means Committee advanced H.R. 5366, the Federal Disaster Tax Relief Act of 2025, renamed in honor of the late Representative Doug LaMalfa, by a unanimous recorded vote.
Representative Steube, one of the bill's sponsors, said the measure would extend tax certainty for homeowners and wildfire victims and prevent settlement proceeds tied to disasters from becoming taxable…
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