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HR 5543 115th Congress House

Flood Insurance Tax Credit Act of 2018

Official title: To amend the Internal Revenue Code of 1986 to allow for a credit against tax for certain flood insurance expenses.

Introduced: April 17, 2018 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
Taxation Disaster relief and insuranceFloods and storm protectionIncome tax creditsInflation and prices
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Insurance industry and regulationLife, casualty, property insurance
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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
Apr 17, 2018
Referred to the House Committee on Ways and Means.
Apr 17, 2018
Introduced in House
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 Latest action April 17, 2018

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Flood Insurance Tax Credit Act of 2018

This bill amends the Internal Revenue Code to allow a tax credit for flood insurance expenses. The credit applies to portions of a taxpayer's expenses for federal flood insurance, private flood insurance, and federal contents coverage flood insurance for a principal residence. The amount of the credit is subject to limitations based on the taxpayer's income and must be adjusted for inflation after 2019.

 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. 5543: Flood Insurance Tax Credit Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-5543/
MLA
"H.R. 5543: Flood Insurance Tax Credit Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-5543/.
Bluebook (legal)
H.R. 5543, 115th Cong. (2026), https://openamerica.io/bill/115-HR-5543/.
Markdown link
[H.R. 5543: Flood Insurance Tax Credit Act of 2018](https://openamerica.io/bill/115-HR-5543/)
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