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house Bill H.R. 6428

San Bruno Victims Compensation Fairness Act of 2010

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedNovember 18th, 2010

Bill Details

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Title

San Bruno Victims Compensation Fairness Act of 2010

Official Title

To exclude from gross income compensation provided by Pacific Gas and Electric Company for victims of the natural gas transmission line explosion occurring in San Bruno, California, and to treat as nontaxable any gain from the involuntary conversion of their property as the result of such explosion, without regard to the rules requiring conversion to property of a similar use.

Summary

San Bruno Victims Compensation Fairness Act of 2010 - Excludes from gross income, for income tax purposes: (1) any compensation provided by Pacific Gas and Electric Company to victims of the natural gas transmission line explosion on September 9, 2010, in San Bruno, California; and (2) any gain from the compulsory or involuntary conversion of property destroyed by the San Bruno natural gas transmission line explosion.

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