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-0.000281491907107615 -0.000281491907107615 -0.0010555946516536 -0.00168895144264589 -0.00274454609429969 -0.00225052779732573 -0.00253342716396893 -0.00281491907107655
Stock impact report

Wildfire survivors could face another blow from taxes on settlement payouts [Los Angeles Times (CA)]

Edison International (EIX) 
Last edison international earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: edison.com/home/investors.html
causing it, forgoing future litigation for a faster payment that could help them rebuild or relocate. But unless a bill moving through Congress becomes law, that money could be taxed as income, taking big bites out of their payments and possibly disqualifying them from other government benefits. “There was this terrifying disbelief,” Bree Jensen, communications director for the Eaton Fire Long-Term Recovery Group, said of informing fellow residents about the tax. Thousands more who are suing the utility face the same prospect, as well as fire survivors in Colorado, Hawaii and Oregon after a tax exemption on wildfire-related compensation expired at the end of 2025. In recent years, Congress has shielded wildfire settlements from taxes, but legislation to do so was short-lived and a struggle to pass, leaving gaps between laws that risk saddling some survivors with a possible tax burden on their compensation. A bipartisan House bill to extend the tax relief passed out of committe Show less Read more
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