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Senate bill S2432-117

Banking, Housing, and Urban Affairs Committee

Disaster Mitigation and Tax Parity Act of 2021

• Last activity on Sep 08, 2022

• Introduced Jul 22, 2021

• By Sen. Feinstein, Dianne [D-CA]

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Main Subject: Taxation

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.

HR4675-117, HR3954-117, HR5376-117, S5176-117,

Categories

State and local government operations Disaster relief and insurance Natural disasters Income tax exclusion Residential rehabilitation and home repair Taxation

Senate Actions

Committee
Sep. 08 2022	Committee on Banking, Housing, and Urban Affairs. Hearings held.

IntroReferral
Jul. 22 2021	Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5052)

Library of Congress Actions

IntroReferral
Jul. 22 2021	Introduced in Senate

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