Last week, the U.S. House Ways and Means Committee passed without opposition U.S. Rep. Greg Steube’s, R-Fla., “Federal Disaster Tax Relief Act.”
The bill “extends rules for the treatment of certain disaster-related personal casualty losses and provides tax relief for losses due to federally declared disasters.”
Steube, who is a member of the committee, weighed in after he steered the bill through it.