House panel approves tax legislation providing relief for the middle-class, disaster survivors

1401
SHARE

Additionally, the tax legislation extends the credits for energy-efficiency improvements to commercial buildings and energy-efficient homes and the credit for short-line railroad maintenance as well as reduced excise taxes on certain beer, wine and spirits.

“This is good news for the American taxpayer and good news for disaster survivors. By approving my bill, we are taking a big step forward in providing longer-term certainty in our tax code,” said Thompson.

He added, “Importantly, this legislation provides much-deserved certainty for those who have survived natural disasters… Those survivors will not have to come to Congress to get tax relief after suffering what is for some, the worst experience of their lives.”