H.R. 1179: Chiquita Canyon Tax Relief Act
The Chiquita Canyon Tax Relief Act is a bill aimed at providing tax relief for individuals affected by the Chiquita Canyon elevated temperature landfill event in Los Angeles County, California. Here’s a breakdown of what the bill proposes:
Short Title
The bill is officially titled the "Chiquita Canyon Tax Relief Act."
Disaster Relief Payments
The primary focus of the bill is to treat payments made to victims of the Chiquita Canyon elevated temperature landfill event as "qualified disaster relief payments." This classification means that these payments will not be counted as taxable income for federal income tax purposes.
Definition of Payments
The bill defines "Chiquita Canyon elevated temperature landfill event payments" as any financial compensation received by individuals affected by the event. This can include payments for:
- Losses incurred
- Damages to property
- Expenses related to relocation
- Suffering experienced
- Loss in real property value
- Closing costs related to real property (such as realtor commissions)
- Inconvenience, including access issues to real property
These payments can be provided by:
- A Federal, State, or local government agency
- Waste Connections, Inc.
- Any subsidiary, insurer, or agent of Waste Connections, Inc., or related entities
Definition of the Elevated Temperature Landfill Event
The term "Chiquita Canyon elevated temperature landfill event" refers to the incident that started on May 1, 2022, where elevated temperatures were detected beneath the Chiquita Canyon Landfill.
Effective Date
The provisions of this bill will apply to amounts received on or after March 1, 2024.
Relevant Companies
- WCN (Waste Connections, Inc.): This company may be directly impacted as the bill includes provisions for payments they provide to victims of the landfill event.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
2 actions
Date | Action |
---|---|
Feb. 10, 2025 | Introduced in House |
Feb. 10, 2025 | Referred to the House Committee on Ways and Means. |
Corporate Lobbying
0 companies lobbying
None found.
* Note that there can be significant delays in lobbying disclosures, and our data may be incomplete.
Potentially Relevant Congressional Stock Trades
Politician | Stock | Transaction | Filed | Traded | |
---|---|---|---|---|---|
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Jonathan L. Jackson
D / House
|
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WCN
WASTE CONNECTIONS, INC. COMMON SHARES
|
Sale
$15,001 - $50,000
|
Sep 11, 2023 | Aug 31, 2023 | -6.89% |