118th Congress Taxation
H.R. 5873: Natural Disaster Tax Relief Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill sets forth tax relief provisions for individual taxpayers for losses resulting from a major disaster occurring in 2023.
Specifically, the bill
- allows penalty-free disaster-relief withdrawals from tax-exempt retirement plans up to $100,000,
- permits recontributions of such withdrawals for home purchases or construction cancelled due to the disaster,
- increases to $100,000 the limit on loans for disaster assistance from retirement plans, and
- enhances the tax deduction for disaster-related personal casualty losses.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Ed Case D-HIOriginal
Who scored on this bill
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Other bills by Jill Tokuda
- H.R. 8945: U.S. Representative Colleen Hanabusa Post Office Building (Wai'anae, HI)
- H.R. 375: Continued Rapid Ohia Death Response Act of 2025
- H.R. 8909: Army 1st Lt. John Kuulei Kauhaihao Post Office Building (Captain Cook, HI)
- H.R. 8219: Lahaina National Heritage Area Study Act
- H.R. 1726: Continued Rapid Ohia Death Response Act of 2023
History
- Introduced in the House by Jill Tokuda.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.