Bill115th CongressFiled Apr 17, 2018Taxation
H.R. 5543
Flood Insurance Tax Credit Act of 2018
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
PassedFloor
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Became LawLaw
What it doesSummary introduced in house (Apr 17, 2018)
Flood Insurance Tax Credit Act of 2018
This bill amends the Internal Revenue Code to allow a tax credit for flood insurance expenses. The credit applies to portions of a taxpayer's expenses for federal flood insurance, private flood insurance, and federal contents coverage flood insurance for a principal residence. The amount of the credit is subject to limitations based on the taxpayer's income and must be adjusted for inflation after 2019.
What just happenedApr 17, 2018
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Velazquez, Nydia M. [D-NY-7](D-NY)Sponsor
1committees3actions6subjects
- Introduced in HouseApr 17, 2018
- Apr 17, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 17, 2018IntroReferralIntro-H
Introduced in House
- Apr 17, 2018IntroReferral1000
Introduced in House