The House Financial Services Committee will vote on bipartisan legislation Wednesday to extend tax breaks for disaster victims.
The panel will take up an amended version of H.R. 5366, the “Doug LaMalfa Federal Disaster Tax Relief Certainty Act,” from Rep. Greg Steube (R-Fla.), which would make it easier for taxpayers to claim personal disaster loses. It is named in honor of the California GOP lawmaker who died in January.
“Allowing taxpayers to write off damages from natural disasters is a no-brainer,” Steube said in a statement.
The legislation would effectively extend legislation that became law during the last Congress after Steube bypassed House Republican leaders and gathered enough signatures to force a floor vote. Leaders had included the proposal in a broad, bipartisan tax package that stalled in the Senate.
