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HR 5839 112th Congress House Taxation Building construction Housing industry and standards Income tax credits Income tax deductions Industrial facilities Natural disasters Residential rehabilitation and home repair

Disaster Savings and Resilient Construction Act of 2012

Introduced: May 18, 2012 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2012
CHANGE OF FIRST SPONSOR - Mr. Diaz-Balart asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 5839, originally introduced by Representative Geoff Davis (KY), for the purposes of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
May 18, 2012
Referred to the House Committee on Ways and Means.
May 18, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Disaster Savings and Resilient Construction Act of 2012 - Amends the Internal Revenue Code to allow a business-related tax credit for the cost of constructing commercial and residential buildings that comply with resilient construction requirements in a federally-declared major disaster area. Defines "resilient construction requirements" as requirements that ensure that such buildings: (1) can resist hazards brought on by a major disaster and can continue to provide their primary functions after a major disaster, (2) can reduce the magnitude or duration of a disruptive event, and (3) have the absorptive capacity, adaptive capacity, and recoverability to withstand a potentially disruptive event.

Terminates such credit for any any property for which a certificate of occupancy is issued after December 31, 2015.

What's happening now September 19, 2012

CHANGE OF FIRST SPONSOR - Mr. Diaz-Balart asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 5839, originally introduced by Representative Geoff Davis (KY), for the purposes of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2