H.R. 4675
Referred to CommitteeDisaster Mitigation and Tax Parity Act of 2021
Latest Action
Referred to the House Committee on Ways and Means.
7/22/2021 • House
Summary
Disaster Mitigation and Tax Parity Act of 2021
This bill excludes from gross income, for income tax purposes, any qualified catastrophe mitigation payment made under a state-based catastrophe loss mitigation program. A qualified catastrophe mitigation payment means any amount received for making improvements to an individual's residence for the sole purpose of reducing the damage that would be done to such residence by a windstorm, earthquake, or wildfire.
Introduced in House • 7/22/2021
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (15)
Party Breakdown
Sponsor
Cosponsors (14)
Bill Journey
Originated in the House
Introduced
July 22, 2021
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (4)
H.R. 3954
Disaster Tax Relief Act of 2021
H.R. 5376
An act to provide for reconciliation pursuant to title II of S. Con. Res. 14.
S. 5176
Disaster Mitigation and Tax Parity Act of 2022
S. 2432
Disaster Mitigation and Tax Parity Act of 2021