What does Preamble of Protect Innocent Victims of Taxation After Fire Extension Act do?

This bill, formally titled 'To amend the Internal Revenue Code of 1986 to exclude qualified wildfire relief payments from gross income, and for other purposes,' aims to modify the Internal Revenue Code of 1986.

What does SHORT TITLE. of Protect Innocent Victims of Taxation After Fire Extension Act do?

This bill is formally titled the "Protect Innocent Victims of Taxation After Fire Extension Act".

What does EXCLUSION FROM GROSS INCOME FOR COMPENSATION FOR LOSSES OR of Protect Innocent Victims of Taxation After Fire Extension Act do?

This section amends the Internal Revenue Code of 1986 to exclude certain payments from gross income. The exclusion applies to 'qualified wildfire relief payments' received by individuals. A 'qualified wildfire relief payment' is compensation for losses, expenses, or damages resulting from a 'qualified wildfire disaster,' but only to the extent not compensated by insurance or other means. A 'qualified wildfire disaster' is a federally declared disaster after December 31, 2014, resulting from a forest or range fire. Individuals receiving these payments cannot claim deductions or credits for expenditures covered by the excluded amount, and the basis of property will not increase due to the exclusion. The amendments apply to amounts received after December 31, 2025.

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Protect Innocent Victims of Taxation After Fire Extension Act

Last updated: 12/4/2025 · Introduced: 12/4/2025

Author: Alex Padilla (D-CA)

TL;DR (AI)

This bill excludes certain payments received for losses from federally declared wildfires after December 31, 2014, from being considered taxable income.
Qualified wildfire relief payments are defined as compensation for losses, expenses, or damages not covered by insurance.
The exclusion applies to payments received after December 31, 2025, and prevents individuals from claiming deductions or credits related to the excluded amounts.

119th Congressin committeeHR. 7825(In Committee)Official page

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Includes provisions on preamble, short title., and 1 more.

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