Wildfire survivors face tax burden after Oregon bill fails

Oregon wildfire survivors to pay federal taxes on settlements next year after state bill failed

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Wildfire survivors face tax burden after Oregon bill fails

A federal law exempting such settlements from federal income taxes expires at the end of the year.

Kotek signs bill to strengthen wildfire response in Oregon

Governor Tina Kotek signed House Bill 3940 into law Thursday, marking a significant step in strengthening Oregon's wildfire response. The bill ensures resources are ready before catastrophic fires occur, not just after.

Oregon wildfire survivors to pay federal taxes on settlements after state bill failed

Wildfire survivors who receive settlements from an at-fault utility after January 2026 will have to pay federal income taxes on the settlement, pending intervention from Congress. A federal law exempting such settlements from federal income taxes expires at the end of the year.