Catastrophe Loss Mitigation Incentive and Tax Parity Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 19, 2019)
Catastrophe Loss Mitigation Incentive and Tax Parity Act of 2019
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.
What just happenedDec 19, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseDec 19, 2019
- Dec 19, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Dec 19, 2019IntroReferralIntro-H
Introduced in House
- Dec 19, 2019IntroReferral1000
Introduced in House