Tax Fairness for Disaster Victims Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3975 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3975 To amend the Internal Revenue Code of 1986 to provide a lookback rule in the case of certain federally declared disasters for amounts related to earned income for purposes of determining certain tax credits. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 12, 2025 Mr. Kennedy of New York (for himself, Mr. Huffman, Ms. Barragan, Ms. Norton, Mr. Neguse, Ms. Tokuda, Ms. Tlaib, and Ms. Chu) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide a lookback rule in the case of certain federally declared disasters for amounts related to earned income for purposes of determining certain tax credits. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Tax Fairness for Disaster Victims Act''. SEC. 2. LOOKBACK RULE IN CASE OF CERTAIN FEDERALLY DECLARED DISASTERS FOR AMOUNTS RELATED TO EARNED INCOME FOR PURPOSES OF DETERMINING CERTAIN TAX CREDITS. (a) In General.--Section 32 of the Internal Revenue Code of 1986 is amended by inserting after subsection (f) the following new subsection: ``(g) Lookback Rule for Determining Amounts Related to Earned Income in Case of Certain Federally Declared Disasters.-- ``(1) In general.--In the case of a qualified individual who elects the application of this subsection (at such time and in such manner as the Secretary may provide)-- ``(A) if the earned income of the taxpayer for the taxable year which includes the applicable date is less than the earned income of the taxpayer for the preceding taxable year, the credits allowed under this section and s