Tax Relief for First Responder Beneficiaries Act
Tax Relief for Families of Fallen First Responders
This bill is currently in the early stages of the legislative process after being sent to the Senate Committee on Finance for review. It is considered active, but there are no upcoming votes or hearings scheduled at this time. The bill does not have a companion measure in the House of Representatives.
Legislative Progress
This bill has strong support from both parties and helps families of fallen heroes, which usually makes it very popular in Congress.
Key Points
- This bill changes tax laws so that more people who receive death benefits after a first responder dies in the line of duty do not have to pay federal income tax on that money.
- Currently, only certain family members like children or dependents get this tax break. This bill would expand the rules to include anyone named as a beneficiary on the officer's life insurance or benefit plan.
- The change would apply to money received as far back as 2023. This means some families might be able to get money back for taxes they already paid on these benefits.
- This helps ensure that the full amount of financial support intended for a fallen officer's loved ones actually reaches them instead of being reduced by taxes.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Tax Relief for First Responder Beneficiaries Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.