Sec. 4. EAST PALESTINE DISASTER RELIEF PAYMENTS
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/statute-compilations/comps-17847/sec-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 4 EAST PALESTINE DISASTER RELIEF PAYMENTS ###
(a)Disaster Relief Payments to Victims of East Palestine Train Derailment East Palestine train derailment payments shall be treated as qualified disaster relief payments for purposes of section 139(b) of the Internal Revenue Code of 1986. ###
(b)East Palestine Train Derailment Payments For purposes of this section, the term “East Palestine train derailment payment” means any amount received by or on behalf of an individual as compensation for loss, damages, expenses, loss in real property value, closing costs with respect to real property (including realtor commissions), or inconvenience (including access to real property) resulting from the East Palestine train derailment if such amount was provided by— ####
(1)a Federal, State, or local government agency, ####
(2)Norfolk Southern Railway, or ####
(3)any subsidiary, insurer, or agent of Norfolk Southern Railway or any related person. ###
(c)Train Derailment For purposes of this section, the term “East Palestine train derailment” means the derailment of a train in East Palestine, Ohio, on February 3, 2023. ###
(d)Effective Date This section shall apply to amounts received on or after February 3, 2023.