Progress has been made on a bill that would keep disaster survivors from having to pay taxes on corporate settlement money.
After months of delays, the "Protect Innocent Victims of Taxation After Fire Act" passed out of the House Committee on Ways and Means this morning.
Jennifer Gray Thompson is CEO of After The Fire USA, a wildfire survivor advocacy group that campaigned for the bill.
“It was huge, but we are not done until we are done,” Thompson said.
Most North State residents received a tax extension last month and now have until Nov. 16 to file their 2022 taxes.
Thompson says she’s not certain the bill can become law by that time, but she’s hopeful.
The news was announced as fire survivors, legislators and representatives from PG&E’s Fire Victim Trust met on the steps of the state Capitol today to commemorate the upcoming 5-year anniversary of the Camp Fire.
Some Camp Fire survivors pay hefty federal taxes on settlement payments received from PG&E’s trust.
The bill would grant refunds on past taxes paid.
