S. 2432
IntroducedDisaster Mitigation and Tax Parity Act of 2021
Latest Action
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-747.
9/8/2022 • Senate
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 Senate • 7/22/2021
Topics & Subjects
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (4)
Party Breakdown
Sponsor
Cosponsors (3)
Bill Journey
Originated in the Senate
Introduced
July 22, 2021
Committee Review
September 8, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-747.
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
H.R. 4675
Disaster Mitigation and Tax Parity Act of 2021