This bill excludes from gross income, for income tax purposes, compensation received by individuals and businesses for losses resulting from the East Palestine, Ohio train derailment on February 3, 2023. This includes lost business income paid by a federal, state, or local government agency, Norfolk Southern Railway, or any subsidiary, insurer, or agent of the railway, or any related person.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2023-03-01 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2023-03-01 | IntroReferral | Introduced in House | Library of Congress |