Washington – Today, Rep. Mike Thompson (CA-04) released the following statement after his legislation with Rep. Doug LaMalfa (CA-01) to make PG&E Fire Victims Trust settlement payments nontaxable passed out of the Ways and Means Committee as part of the Tax Relief for American Families and Workers Act.
“Fire survivors have been unfairly taxed on settlements from the Fire Victims Trust that are already not enough to cover what they lost. It’s just wrong,” said Thompson. “The inclusion of my bill to make these settlements nontaxable in the bipartisan tax package is an important development for our region. Today’s vote out of the Ways and Means Committee is a strong, positive step for fire survivors to receive the tax relief they deserve, and I am hopeful that this bill will receive a swift vote in both the House and the Senate so that President Biden can sign it into law.”
The bill is now set to go to the House floor for a full vote by the House of Representatives.