HR 7979
116th Congress
House
Taxation
Building construction
Housing industry and standards
Income tax credits
Income tax deductions
Natural disasters
Residential rehabilitation and home repair
Disaster Savings and Resilient Construction Act of 2020
Introduced: August 7, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 7, 2020
Referred to the House Committee on Ways and Means.
Aug 7, 2020
Introduced in House
Plain-English summary
Disaster Savings and Resilient Construction Act of 2020
This bill allows a tax credit through 2022 for certain residential or commercial buildings owned by a taxpayer in a disaster area that are designed and constructed to meet resilient construction requirements. The bill defines resilient construction requirements as requirements with respect to buildings in a disaster area that make such buildings resistant to hazards brought on by a major disaster, reduce the duration of a disruptive event, and have the capacity to withstand a potentially disruptive event.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1