President Trump Signs Emergency Hurricane Relief Legislation for victims of Hurricanes Harvey, Irma and Maria

On Thursday morning, The House of Representatives passed H.R. 3823, the Disaster Tax Relief and Airport and Airway Extension Act of 2017, signed by President Trump on Friday last week. The Hurricane Harvey, Irma and Maria employee retention credit for any taxable year is an amount equal to 40 percent of the qualified wages with[…]

House stalls on tax relief for Hurricanes Harvey, Irma, Maria victims

Democrats criticized a Republican-crafted disaster tax relief package Monday for providing victims of Hurricanes Harvey, Irma and Maria with benefits that were not approved after Superstorm Sandy in 2012. The opposition kept the bill, which was introduced Friday and brought up under a special procedure, from getting the needed two-thirds majority needed for passage as[…]