Latest action: Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S8514)
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Allows property owners to avoid taxes on rebuilding after fires.
The problem
Property owners who lose homes or buildings to fires face tax bills on insurance payouts or rebuilding funds, creating financial hardship during recovery.
The proposal
The bill excludes insurance proceeds and rebuilding funds from taxable income for property owners who experienced fire damage.
The impact
Fire victims and property owners affected by fires could reduce their tax burden during recovery. The government would collect less tax revenue from these situations.
Property owners dealing with fire damage face overwhelming expenses. Reducing taxes on rebuilding funds gives them more money to repair homes and businesses. This recognizes the hardship of fire disasters.
Lower taxes mean owners keep more money to rebuild faster. Faster rebuilding helps communities recover and restores economic activity more quickly after disasters.
Insurance often doesn't cover full losses. Tax relief acknowledges that victims already face major financial setbacks and shouldn't pay taxes on money needed just to restore what they lost.
Tax exemptions mean the government collects less money. These funds pay for schools, roads, and other services. The revenue loss could require cuts elsewhere or higher taxes on others.
Wealthy people with expensive properties receive larger tax benefits than others. Renters and those without property get no benefit, raising fairness questions about who receives government help.
The bill title mentions 'fire' specifically. Other disasters like floods, hurricanes, or earthquakes cause equal damage but may not qualify, creating inconsistent disaster relief policies.
Without clear limits, tax exclusions could apply to situations beyond genuine disasters. Determining what counts as eligible fire damage might lead to disputes and fraud.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
Loading map…
Loading...
0 citizens have already voted
Free · No spam · See how your representatives voted
Be the first to weigh in
Your vote starts the conversation
How citizen engagement works
Citizens vote & comment
Public opinion data is aggregated and updated in real time.
Patterns become visible
Representatives can see constituent sentiment broken down by district.
Your voice on the record
Contact your rep directly — one constituent call can shift a staffer's priority list.
Research shows that constituent contacts — especially calls — are among the most effective ways to influence a legislator's position on active bills.
Other bills in this policy area
HR 10730
Healthy Communities Act of 2026
HR 5349
TAS Act
HR 9496
End Tax Penalties on American Hostages Act
HR 997
National Taxpayer Advocate Enhancement Act of 2025
Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
Couldn't load lobbying disclosures right now.