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HR 3989 113th Congress House

Disaster Savings Accounts Act of 2013

Official title: To amend the Internal Revenue Code of 1986 to allow individuals a deduction for amounts contributed to disaster savings accounts to help defray the cost of pre… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to allow individuals a deduction for amounts contributed to disaster savings accounts to help defray the cost of preparing their homes to withstand a disaster and to repair or replace property damaged or destroyed in a disaster.

Introduced: April 1, 2014 See on congress.gov
Taxation Bank accounts, deposits, capitalDisaster relief and insuranceEmergency planning and evacuationHousing finance and home ownership
More subjectsShow fewer subjects
Income tax deductionsIncome tax exclusionNatural disasters
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Feb 4, 2014
Referred to the House Committee on Ways and Means.
Feb 4, 2014
Introduced in House
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 Latest action February 4, 2014

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Disaster Savings Accounts Act of 2013 - Amends the Internal Revenue Code to: (1) establish tax-exempt disaster savings accounts to pay the expenses of homeowners for disaster mitigation and recovery expenses, (2) allow a deduction from gross income (above-the-line deduction) up to $5,000 (adjusted annually for inflation) in a taxable year for cash contributions to such accounts, (3) exclude from gross income distributions from such accounts to pay disaster mitigation and recovery expenses; and (4) set forth tax rules and penalties for excess contributions to disaster savings accounts and for failure to file required reports on such accounts.

 Related & companion bills 2
  • HR 3298 Related bill Disaster Savings Accounts Act of 2013
  • S 1991 Related bill Disaster Savings Accounts Act of 2014
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 10
All 10 Republican 5
Palazzo, Steven
· Jun 24, 2014
 R
Bilirakis, Gus M.
Florida · May 9, 2014
 R
Lucas, Frank D.
Oklahoma · May 9, 2014
 R
Diaz-Balart, Mario
Florida · Apr 1, 2014
Coffman, Mike
· Mar 24, 2014
 R
Cotton, Tom
Arkansas · Mar 24, 2014
 R
Cole, Tom
Oklahoma · Feb 5, 2014
CRENSHAW, ANDER
· Feb 5, 2014
MCINTYRE, MIKE
· Feb 5, 2014
Rooney, Thomas
· Feb 5, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3989: Disaster Savings Accounts Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-3989/
MLA
"H.R. 3989: Disaster Savings Accounts Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-3989/.
Bluebook (legal)
H.R. 3989, 113th Cong. (2026), https://openamerica.io/bill/113-HR-3989/.
Markdown link
[H.R. 3989: Disaster Savings Accounts Act of 2013](https://openamerica.io/bill/113-HR-3989/)
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