HR 4675
117th Congress
House
Taxation
Disaster relief and insurance
Income tax exclusion
Natural disasters
Residential rehabilitation and home repair
State and local government operations
Disaster Mitigation and Tax Parity Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2021
Referred to the House Committee on Ways and Means.
Jul 22, 2021
Introduced in House
Plain-English summary
Disaster Mitigation and Tax Parity Act of 2021
This bill excludes from gross income, for income tax purposes, any qualified catastrophe mitigation payment made under a state-based catastrophe loss mitigation program. A qualified catastrophe mitigation payment means any amount received for making improvements to an individual's residence for the sole purpose of reducing the damage that would be done to such residence by a windstorm, earthquake, or wildfire.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1