,,ii  #aai? ,,congress  #a/ ,session    
,s4 #ccgb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #d1 #bjbe,mr4 
,padilla 7= himself1 ,ms4 ,lummis1 ,mr4 
,wyd51 & ,mr4 ,%eehy7 introduc$ ! foll[+
 bill2 :i* 0 read twice & ref]r$ to !   
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 exclude qualifi$ wildfire relief       
paym5ts f gross income1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,protect ,innoc5t ,victims 
( ,taxation ,aft] ,fire ,ext5sion ,act4 
#b4 ,exclusion f gross income =         
comp5sation = losses or damages result+ 
f wildfires  7a7 ,9 g5]al ,"p ,,iii (   
sub*apt] ,b ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #aci,l ! foll[+ new       
section3  #aci,m4 ,comp5sation = losses 
or damages result+ f wildfires  7a7 ,9  
g5]al ,gross income %all n include any  
am\nt receiv$ by an individual z a      
qualifi$ wildfire relief paym5t4  7b7   
,qualifi$ wildfire relief paym5t ,=     

purposes ( ?is section-- 7#a7 ,9 g5]al  
,! t]m qualifi$ wildfire relief paym5t  
means any am\nt receiv$ by or on behalf 
( an individual z comp5sation = losses1 
exp5ses1 or damages 7includ+ comp5sation
 = additional liv+ exp5ses1 lo/ wages   
7o!r ?an comp5sation = lo/ wages paid by
 ! employ] :i* w\ld h o!rwise paid su*  
wages71 p]sonal injury1 dea?1 or        
emotional di/ress7 incurr$ z a result ( 
a qualifi$ wildfire disa/]1 b only to ! 
ext5t ! losses1 exp5ses1 or damages     
comp5sat$ by su* paym5t are n comp5sat$ 
= by insurance or o!rwise4  7#b7        
,qualifi$ wildfire disa/] ,! t]m        
qualifi$ wildfire disa/] means any      
f$]ally decl>$ disa/] 7z def9$ 9 section
 #afe7;i77#e77;,a77 decl>$1 aft]        
,decemb] #ca1 #bjad1 z a result ( any   
=e/ or range fire4  7c7 ,d5ial ( d\ble  
b5efit ,not)/&+ any o!r provision ( ?is 
subtitle-- 7#a7 no d$uction or cr$it    
%all be all[$ 7to ! individual = ^:     
b5efit a qualifi$ wildfire relief paym5t
 is made7 =1 or by reason (1 any        

exp5diture to ! ext5t ( ! am\nt exclud$ 
"u ?is section ) respect to su*         
exp5diture1 &  7#b7 no increase 9 !     
basis or adju/$ basis ( any prop]ty %all
 result f any am\nt exclud$ "u ?is      
section ) respect to su* prop]ty4  4    
7b7 ,cl]ical am5dm5t ,! table ( sections
 = "p ,,iii ( sub*apt] ,b ( *apt] #a (  
su* ,code is am5d$ by ins]t+ aft] ! item
 relat+ to section #aci,l ! foll[+ new  
item3  ,sec4 #aci,m4 ,comp5sation =     
losses or damages result+ f wildfires4  
4  7c7 ,effective date ,! am5dm5ts made 
by ?is section %all apply to am\nts     
receiv$ aft] ,decemb] #ca1 #bjbe4