U.S. Congress legislation · 119th Congress
HB5366: Doug LaMalfa Federal Disaster Tax Relief Certainty Act
Status: Signed into law, September 11, 2026
To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires.
What the bill says
An act To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires.
From the introduced text, April 28, 2026:
AN ACT To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires. SECTION 1. Short title This Act may be cited as the Doug LaMalfa Federal Disaster Tax Relief Certainty Act . SECTION 2. Codification and extension of rules for casualty losses arising from major disasters (a) In general Section 165(h) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (6) Special rule for qualified net disaster losses (A) In general If an individual has a qualified net disaster loss for any taxable year, the amount determined under paragraph (2)(A)(ii) shall be the sum of-- (i) such qualified net disaster loss, and (ii) so much of the excess referred to in the matter preceding clause (i) of paragraph (2)(A) (reduced by the amount in clause (i) of this subparagraph) as exceeds 10 percent of the adjusted gross income of the individual. (B) Qualified net disaster loss For purposes of subparagraph (A), the term qualified net disaster loss means the excess (if any) of-- (i) qualified disaster-related personal casualty losses, over (ii) personal casualty gains reduced by the portion of such …
Sponsors
- Greg Steube (R, HD-FL-17) · primary sponsor
- Mike Thompson (D, HD-CA-4)
- LaMalfa, Doug (R, 1)
- Jimmy Panetta (D)
- Eugene Vindman (D, HD-007)
- Joseph Neguse (D, HD-CO-2)
- Dave Min (D)
- Jason Crow (D, HD-006)
- Jill Tokuda (D, HD-002)
- Byron Donalds (R, HD-FL-19)
- Gus Bilirakis (R, HD-FL-12)
- Mario Diaz-Balart (R, HD-FL-26)
Latest actions
- : Became Public Law No: 119-108.
- : Signed by President.
- : Presented to President.
- : Message on Senate action sent to the House.
- : Passed Senate without amendment by Unanimous Consent. (consideration: CR S4547)
- : Senate Committee on Finance discharged by Unanimous Consent.
- : Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- : Received in the Senate and Read twice and referred to the Committee on Finance.
- : DEBATE - The House proceeded with forty minutes of debate on H.R. 5366.
- : Mr. Smith (MO) moved to suspend the rules and pass the bill, as amended.
Subjects: Disaster relief and insurance, Forests, forestry, trees, Natural disasters, Taxation, Fires, Income tax deductions
Common questions
- What is HB5366?
- HB5366 is a bill in Congress (119th Congress): Doug LaMalfa Federal Disaster Tax Relief Certainty Act.
- What does HB5366 do?
- In its own words: An act To amend the Internal Revenue Code of 1986 to codify and extend the rules for personal casualty losses arising from major disasters and the rules for the exclusion from gross income of compensation for losses or damages resulting from certain wildfires.
- What is the status of HB5366?
- Signed into law as of September 11, 2026. Latest action: Became Public Law No: 119-108. (September 11, 2026).
- Who sponsored HB5366?
- Greg Steube (R, HD-FL-17), with 11 co-sponsors.
- Where is the official record for HB5366?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/5366
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.