Oregon Senate Passes Bill to Provide Tax Relief for Wildfire Survivors, Allowing Them to Keep More of Their Settlements
SALEM, Oregon — The Oregon Senate unanimously passed a bill on Wednesday that aims to provide financial relief to survivors of wildfires in the state. Sponsored by Senator Brian Boquist, the bill, known as Senate Bill 1520, introduces a tax exemption for court awards and settlements related to wildfires. The legislation comes in response to several lawsuits filed against PacifiCorp, which a jury found responsible for sparking four Labor Day wildfires in 2020. Survivors of these wildfires have received millions of dollars in settlements and awards. However, due to federal tax laws, they have only … Read more