Disaster Mitigation and Tax Parity Act of 2021
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (Jul 22, 2021)
Disaster Mitigation and Tax Parity Act of 2021
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 happenedSep 8, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Who’s behind it
- Introduced in SenateJul 22, 2021
- Sep 8, 2022Committee
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Banking, Housing, and Urban Affairs Committee - Jul 22, 2021IntroReferral
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5052)
Finance Committee - Jul 22, 2021IntroReferral10000
Introduced in Senate