Disaster Savings and Resilient Construction Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 29, 2015)
Disaster Savings and Resilient Construction Act of 2015
Amends the Internal Revenue Code to allow a business-related tax credit for a specified portion of the cost of commercial and residential buildings that comply with resilient construction requirements in a federally-declared major disaster area. Defines "resilient construction requirements" as requirements that such buildings are designed and constructed to: (1) resist hazards brought on by a major disaster; (2) continue to provide their primary functions after a major disaster; (3) reduce the magnitude or duration of a disruptive event; and (4) have the absorptive capacity, adaptive capacity, and recoverability to withstand a potentially disruptive event.
Terminates such credit for any any property for which a certificate of occupancy is issued after December 31, 2019.
What just happenedJul 29, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseJul 29, 2015
- Jul 29, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 29, 2015IntroReferralIntro-H
Introduced in House
- Jul 29, 2015IntroReferral1000
Introduced in House