relief payment is made) for, or by reason of, any expenditure to the extent of the amount excluded under this section with respect to such expenditure, and (2) no increase in the basis or adjusted basis of any property shall result from any amount excluded under this subsection with respect to such property. (d) Limitation on application This section shall only apply to qualified wildfire relief payments received by the individual during taxable years beginning after December 31, 2019, and before January 1, 2026. (e) Extension of period of limitation In the case of a claim for credit or refund which is properly allocable to the exclusion which is described in subsection (a)— (1) the period of limitation prescribed in section 6511(a) of the Internal Revenue Code of 1986 for the filing of such claim shall be treated as not expiring earlier than the date that is 1 year after the date of the enactment of this Act, and (2) any limitation described in section 6511(b)(2) of such Code shall not apply. 4. East Palestine disaster relief payments (a) Disaster relief payments to victims of East Palestine train derailment East Palestine train derailment payments shall be treated as qualified disaster relief payments for purposes of section 139(b) of the Internal Revenue Code of 1986. (b) East Palestine train derailment payments For purposes of this section, the term East Palestine train derailment payment means any amount received by or on behalf of an individual as compensation for loss, damages, expenses, loss in real property value, closing costs with respect to real property (including realtor commissions), or inconvenience (including access to real property) resulting from the East Palestine train derailment if such amount was provided by— (1) a Federal, State, or local government agency, (2) Norfolk Southern Railway, or (3) any subsidiary, insurer, or agent of Norfolk Southern Railway or any related person. (c) Train derailment For purposes of this section, the term East Palestine train derailment means the derailment