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HR 2818 115th Congress House

Disaster Savings Accounts Act of 2017

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: June 7, 2017 See on congress.gov
Taxation Bank accounts, deposits, capitalDisaster relief and insuranceEmergency planning and evacuationHousing finance and home ownership
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Income tax deductionsIncome tax exclusionNatural disasters
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Jun 7, 2017
Referred to the House Committee on Ways and Means.
Jun 7, 2017
Introduced in House
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 Latest action June 7, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Disaster Savings Accounts Act of 2017

This bill 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) of 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 1
  • HR 2230 Reintroduction of Disaster Savings Accounts Act of 2015
 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. 2818: Disaster Savings Accounts Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2818/
MLA
"H.R. 2818: Disaster Savings Accounts Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2818/.
Bluebook (legal)
H.R. 2818, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2818/.
Markdown link
[H.R. 2818: Disaster Savings Accounts Act of 2017](https://openamerica.io/bill/115-HR-2818/)
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