Referred to the House Committee on Ways and Means.
This bill designates payments made to individuals because of the Chiquita Canyon elevated temperature landfill event as "qualified disaster relief payments" under Internal Revenue Code section 139(b), excluding them from gross income. It defines covered payments (loss, damages, relocation, property value loss, closing costs, inconvenience) when provided by government entities, Waste Connections, Inc., or related parties, applies to payments received on or after March 1, 2024, and defines the event as starting May 1, 2022.
Liberals stress victim relief and corporate accountability concerns
Relative to its intended legislative type, this bill is a narrowly targeted substantive tax change that clearly defines the covered event and payments and ties the exclusion to an existing tax provision (IRC §139(b)).
This bill designates payments made to individuals because of the Chiquita Canyon elevated temperature landfill event as "qualified disaster relief payments" under Internal Revenue Code section 139(b), excluding them from gross income.
It defines covered payments (loss, damages, relocation, property value loss, closing costs, inconvenience) when provided by government entities, Waste Connections, Inc., or related parties, applies to payments received on or after March 1, 2024, and defines the event as starting May 1, 2022.
Content is narrow and non-ideological, aiding passage, but targeted tax carve-outs face scrutiny and require package inclusion or bipartisan agreement.
Relative to its intended legislative type, this bill is a narrowly targeted substantive tax change that clearly defines the covered event and payments and ties the exclusion to an existing tax provision (IRC §139(b)). It provides clear, limited mechanism language but omits fiscal statements, operational and reporting details, and safeguards against ambiguity or misuse.
Liberals stress victim relief and corporate accountability concerns
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals stress victim relief and corporate accountability concerns
Likely supportive because it provides tax-free relief to affected residents and addresses direct economic harm.
May press for safeguards to ensure corporate accountability and transparency around settlements and payments.
Generally supportive as a narrow, pragmatic measure to ease victims' burdens while fitting into existing tax law (section 139).
Would seek fiscal clarity, anti-abuse rules, and clearer retroactivity/definition language.
Mixed to somewhat skeptical: supports tax-free disaster relief for victims but concerned about creating a targeted tax carve-out and setting precedent.
Would want limits, transparency, and protections against gaming.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Content is narrow and non-ideological, aiding passage, but targeted tax carve-outs face scrutiny and require package inclusion or bipartisan agreement.
The bill has not accumulated any surfaced votes yet.
Liberals stress victim relief and corporate accountability concerns
Content is narrow and non-ideological, aiding passage, but targeted tax carve-outs face scrutiny and require package inclusion or bipartisa…
Relative to its intended legislative type, this bill is a narrowly targeted substantive tax change that clearly defines the covered event and payments and ties the exclusion to an existing tax provision (IRC §139(b)). I…
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