Eshoo Reports Progress on Overturning IRS Decision to Tax FEMA Mitigation Grants
February 28, 2005
Congresswoman Anna G. Eshoo announced today that she has scheduled a meeting with IRS Commissioner Mark W. Everson to discuss the IRS's decision to tax FEMA's Mitigation Grants and reports that House leadership has shown interest in bringing legislation that would overturn the decision to the House floor for a vote.
Eshoo expressed optimism that this legislation could be considered by the House quickly. "Members on both sides of the aisle have been very receptive to this issue and are working with the House Ways and Means Committee to come up with a solution which will guarantee that citizens will not have to pay taxes on these grants" explained Eshoo.
Eshoo will meet with Commissioner Everson to get to the bottom of why the decision was made, urge him to reverse the decision, and ask him to provide a waiver for those filing their 2004 taxes.
"I look forward to meeting with Commissioner Everson to find out why this decision was made and what we need to do to reverse it, immediately" said Eshoo.
A companion bill to House legislation has also been introduced in the Senate. The bill mirrors efforts being made in the House to reverse the decision of the IRS. Congresswoman Eshoo has pledged to work with her colleagues in the Senate to ensure that this legislative solution becomes law.
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