#HR5366

Wildfire survivors who lost their homes could face another blow from taxes on settlement payouts Thousands of survivors of the 2025 Eaton Fire in California are accepting settlements from the utility accused of causing it.

Support #HR5366!

Re: Edison’s settlement offer to #EatonFire survivors in lieu of litigation:

“But unless a bill [HR-5366] moving thru Congress becomes law, that money could be taxed as income, taking big bites out of their payments & possibly disqualifying them from other government benefits.”

Description of HR5366, and a depiction of its sponsor, W. Gregory Steube.

HR5366
To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules fo...

📢 Introduced in House

congress.gov/bill/119th-congress/hous...

#HR5366 #congress119 #house #republican #congress #newbill