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HR 6762 110th Congress House

Homeowners Insurance and Mitigation Assistance Act of 2008

Official title: To amend the Internal Revenue Code of 1986 to provide a credit against tax for increased homeowners insurance premiums suffered by certain coastal homeowners s… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide a credit against tax for increased homeowners insurance premiums suffered by certain coastal homeowners subject to increased risk from hurricane events, and for homeowner mitigation expenditures for natural catastrophic events.

Introduced: July 31, 2008 Introduced by: Thompson, Bennie G. Democratic · Mississippi See on congress.gov
Taxation Disaster relief and insuranceIncome tax creditsLife, casualty, property insuranceNatural disastersResidential rehabilitation and home repair
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2008
Referred to the House Committee on Ways and Means.
Jul 31, 2008
Introduced in House
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 Latest action July 31, 2008

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Homeowners Insurance and Mitigation Assistance Act of 2008 - Amends the Internal Revenue Code to allow tax credits for: (1) 50% of the increases in homeowners insurance premiums for taxpayers whose principal residences are located in certain federally declared hurricane disaster areas or in states which border the Atlantic Ocean or the Gulf of Mexico, up to $500 annually; and (2) 25% of the qualified hurricane, earthquake, and tornado mitigation property expenditures of homeowners and businesses, up to $5,000 annually. Includes within the definition of "qualified hurricane, earthquake, and tornado mitigation expenditures" expenditures for property to improve the strength of a roof deck attachment, create a secondary water barrier, improve the durability of a roof covering, reinforce the connection between a roof and a supporting wall, and protect exterior doors and garages.

 Related & companion bills 4
  • HR 913 Related bill Hurricane and Tornado Mitigation Investment Act of 2007
  • S 930 Related bill Hurricane and Tornado Mitigation Investment Act of 2007
  • S 2327 Related bill Homeowners Insurance Assistance Act of 2007
  • S 3427 Related bill Coastal Homeowners Assistance Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6762: Homeowners Insurance and Mitigation Assistance Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-6762/
MLA
"H.R. 6762: Homeowners Insurance and Mitigation Assistance Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-6762/.
Bluebook (legal)
H.R. 6762, 110th Cong. (2026), https://openamerica.io/bill/110-HR-6762/.
Markdown link
[H.R. 6762: Homeowners Insurance and Mitigation Assistance Act of 2008](https://openamerica.io/bill/110-HR-6762/)
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