Fire victim trust next payment california
California Wildfire Fund
About the California Wildfire Fund
On July 12, 2019, Governor Gavin Newsom signed AB 1054 and AB 111 (collectively, the “2019 Wildfire Legislation”). The 2019 Wildfire Legislation enacts a broad set of reforms and programs related to utility-caused wildfires in California, including establishing the California Wildfire Fund (“Fund”).
The purpose of the Fund is to provide a source of money to reimburse eligible claims arising from a covered wildfire caused by a utility company that participates in the Fund by assisting in capitalizing the Fund, and undertaking certain other obligations specified in the law. In addition to other requirements, a “covered wildfire” is only one that was ignited on or after July 12, 2019. Please note the California Wildfire Fund is a separate and different entity from the Fire Victim Trust.
There are three participating utility companies in the California Wildfire Fund.
Oversight of the administration of the Fund is the responsibility of the California Catastrophe Response Council (“Council”), created under AB 111. You can find out more information about the Council here. Under the oversight of the Council, the
Related Tests for Tax
Robert W. Wood
Managing Partner
Wood LLP
Email:wood@WoodLLP.com
Univ of Chicago Law School
www.woodLLP.com
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
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Tax relief for wildfire victims has been a blazing topic. When a larger tax bill with wildfire tax relief seemed poised to fail in the Senate (as it eventually did), the House passed in May of this year an older stand-alone bill, H.R. 5863, the "Federal Disaster Relief Perform of 2023" that contained only the disaster relief provisions. H.R. 5863 passed the House by a large margin, 382 in favor and only 7 against. The Senate has finally passed it as well, by unanimous voice vote. President Biden is expected to sign the bill into law.
California's devastating wildfires possess included the 2015 Butte heat, the 2017 North Bay Fires, the 2017 Thomas Fire, the 2018 Mendocino Complex Fire, the 2018 Woolsey Fire, the 2019 Kincade Fire, the 2018 Camp Fire, the 2020 Zogg Flame, the 2020 August Complex Heat, and the 2021 Dixie Flame. There have also been huge wildfires in recent years in Washington, Kansas, Oklahoma, Tennessee, Montana, Arizona,
When the physical destruction of the Southern California fires finally ends, victims of the disaster will then have to navigate a frustrating government bureaucracy in their recovery effort.
One example of that kind of red tape is an incomprehensible tax law the survivors of the 2018 Camp Fire in Paradise have been dealing with for years that IRS officials only recently were able to correct.
Kim Hurst was just starting work at about 7:15 a.m. the morning of November 8th, 2018, when she saw smoke in the distance barreling towards Paradise as it turned from white to red to black.
"We left by 8:45 and we were told by our neighbor that by 9, our house was burnt," she said.
Like everyone else, Hurst faced a harrowing trip out of town, the smoke and flames turning morning sun into the darkest of nights. Her entire family survived, but her home and virtually everything they owned was reduced to ashes. It wasn't long before the uncertainty set in.
"I knew I could get us a house built and I knew I could get us beds. But I didn't know if I could get us chairs, a couch, silverware or anything else because I didn't know if I was going to have enough money," a tearful Hurst remem
CALIFORNIA - The Fire Victim Trust announced pro-rata payments will increase to 66% on April 25, 2024. The last increase brought the payments up to 60% at the end of January 2023.
To get your increase your claim needs to be finalized and you need to have signed and submitted both releases. Getting your payment is not contingent on others signing their releases.
"I'm ready for a house. It's five years, over five years," Camp Fire survivor Carrie Maxx said.
The Trust said the increase is possible because of two reasons: 100% of determination notices have been issued with 97% accepted, and the final sale of over 67 million shares of PG&E stock in mid-December.
Camp Fire survivors like Maxx were hoping for a larger increase. Maxx said her building plans are drafted but she needs more money to start.
"I'm on disability. I'm just sitting here, an old lady in a trailer," she said.
The Trust said there will be at least one more future pro-rata increase as it finalizes the remaining claims which are about 3%. Congressman Doug LaMalfa said he wants to see pro rata payments increase.
"It is progress but I don't want to see it end here or end with just a small other drop lik
PG&E Fire Settlement Facts
National Wildfires
Wildfire Resources
Wildfire Leaders
Justice For Everyone
Get the facts about PG&E's Settlement
PG&E has proposed a $13.5 billion settlement with wildfire victims across the state. The proposed settlement will help families, communities, and businesses impacted by these wildfires continue to recover and rebuild.
Premliminary Payment Announcement Fire Victim Trust Claims Data Book Your Free Consultation https://vimeo.com/779077799
Claims Resolution Procedure Documents
All the documents below are available for download:
Fire Victim Claims Resolution Procedures
Claims Questionnaire Guidelines
Claims Questionnaire Data Summary
Frequently Asked Questions
Resources
All the documents below are available for download:
- Fire Victim Claim Treatment Plan Summary and FAQ (approved by Bankruptcy Court)
- Instructions - Voting by Phone
- PG&E - 40662-22 - Disclosure Statement Supplement (23)
- PG&E - 40662-01 - Confirmation Hearing Notice (16)
- PG&E - 40662-02 - TCC Summary (13)
- PG&E - 40662-04 - Disclosure Statement (Fully Compiled) (184)
- 6692 - Order Denying Motion for Entry of a