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KPAY News

Fire Victim Bills Stall in Congress

According to the Chico Enterprise Record Democrat Congressman Mike Thompson, along with Republican Congressman Doug LaMalfa, introduced into Congress a bill that would exempt thousands of fire victims from paying federal income tax on their settlement money, in addition to paying taxes on attorney fees included in the settlements but as yet to be heard in committee. The Second bill introduced in the Senate by Dianne Feinstein has yet to be hear by the Senate Finance Committee. Governor Newsome signed a bill that exempts fire victims form any State Tax payments on settlement funds received..