A bill passed by both chambers of Congress would allow wildfire loss deductions and exclude legal settlement compensation from federal taxation for Maui fire survivors through 2026. Maui Council Vice-Chair Sugimura has formally urged President Trump to sign it into law.
- H.R. 5366 passed both the House and Senate and now awaits the president’s signature to become law.
- The bill would allow federal tax deductions for wildfire losses and exempt legal damage compensation from taxation through 2026.
- Council Vice-Chair Sugimura sent a letter to President Trump urging him to sign the legislation.
- The relief would apply to survivors of the August 2023 wildfires in Lahaina and Upcountry Maui.
Source: Maui Now
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