H.R. 549
Homeowner Catastrophe Protection Act of 2013
Referred to the House Committee on Ways and Means.
Sponsor
Rep. Grimm, Michael G. [R-NY-11]
Bill Details
- Update Date
- Nov 15, 2019
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 549
- Congress
- 113
- Introduced Date
- Feb 6, 2013
- Policy Area
- Taxation
- Is Law
- No
Referred to the House Committee on Ways and Means.
Source: House floor actions
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
Homeowner Catastrophe Protection Act of 2013 - Amends the Internal Revenue Code to: (1) allow insurance companies (other than life insurance companies) to make tax deductible contributions to a tax-exempt policyholder disaster protection fund established by this Act for the payment of policyholders' claims arising from certain catastrophic events, such as windstorms, earthquakes, snowstorms, fires, tsunamis or floods, volcanic eruptions, or hail; (2) establish a tax-exempt Catastrophe Savings Account to help taxpayers pay for catastrophe expenses; and (3) allow a nonrefundable tax credit for 25% of certain natural disaster mitigation property expenditures made to fortify a taxpayer's principal residence against catastrophes.
Ways and Means Committee
Introduced in House
Feb 6, 2013