S. 1805 117th Congress Senate

SHELTER Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide a credit against tax for disaster mitigation expenditures.

Introduced: May 25, 2021 Introduced by: Michael F. Bennet Democratic · Colorado See on congress.gov

Taxation Income tax creditsNatural disastersResidential rehabilitation and home repair

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 25, 2021

Read twice and referred to the Committee on Finance.

May 25, 2021

Introduced in Senate

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Latest action May 25, 2021

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

SHELTER Act

This bill allows a tax credit to individuals and businesses for disaster mitigation expenditures. The allowable amount of such credit is 25% of the mitigation expenditures, up to $5,000 in any taxable year.

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