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Disaster Mitigation and Tax Parity Act of 2023

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 property for the sole purpose of reducing the damage that would be done to such property by a windstorm, earthquake, or wildfire.

House floor actions Actions

IntroReferral
Jun. 13 2023	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Jun. 13 2023	Introduced in House Introduced in House

House bill HR4070-118

Disaster Mitigation and Tax Parity Act of 2023

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