HR 2053
116th Congress
House
Taxation
Building construction
Income tax exclusion
Natural disasters
Residential rehabilitation and home repair
Earthquake Mitigation Incentive and Tax Parity Act of 2019
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2019
Referred to the House Committee on Ways and Means.
Apr 3, 2019
Introduced in House
Plain-English summary
Earthquake Mitigation Incentive and Tax Parity Act of 2019
This bill modifies the requirements for calculating taxable income to exclude from gross income any amount received as a qualified earthquake mitigation payment.
A "qualified earthquake mitigation payment" is any amount received by a residential property owner or occupant under an earthquake loss mitigation program established by a state (including an agency, instrumentality, or political subdivision of the state) or by a state with a tax-exempt organization or public instrumentality of the state.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1