The Hurricane Tax Relief Act is a federal bill aimed at providing tax relief to individuals and businesses affected by hurricanes. The main provisions of the bill include offering tax credits for disaster recovery expenses, allowing penalty-free withdrawals from retirement accounts for hurricane-related purposes, and extending tax filing deadlines for affected taxpayers. The bill seeks to alleviate the financial burden on those impacted by hurricanes and facilitate their recovery process.
2023-03-09: Introduced in House
2023-03-09: Referred to the House Committee on Ways and Means.
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