Summary: H.R.3287 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.3287. Bill summaries are authored by CRS.

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Introduced in House (06/13/2019)

Tax Relief and Expedited Assistance for Disasters Act of 2019 or the TREAD Act

This bill provides tax relief for qualified disaster areas (i.e., an area, excluding a California wildfire disaster area, for which a major disaster was declared on or after January 1, 2018). Specifically, the bill provides for distributions and loans from retirement plans for disaster assistance, a tax credit for wages paid by employers in a qualified disaster area, a temporary suspension of limitations on the deductibility of charitable contributions, and an automatic extension of filing deadlines for taxpayers affected by disasters.