H.R. 1270
Referred to CommitteeTo exclude certain amounts relating to compensating victims of the East Palestine train derailment, and for other purposes.
Latest Action
Referred to the House Committee on Ways and Means.
3/1/2023 • House
Summary
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.
Introduced in House • 3/1/2023
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Sponsor & Cosponsors (13)
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Cosponsors (12)
Bill Journey
Originated in the House
Introduced
March 1, 2023
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law