Chiquita Canyon Tax Relief Act

This bill makes payments related to the Chiquita Canyon landfill event tax-free for affected residents. It allows individuals to exclude compensation received for property damage, relocation costs, or other losses (from May 2022 onward) from government agencies, Waste Connections, or their insurers from taxable income. The tax relief applies specifically to payments received on or after March 1, 2024, for the elevated temperature landfill event in Los Angeles County. It directly benefits residents who received such payments due to the 2022 landfill incident.