Skip to main content
S 2432 117th Congress Senate 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

Introduced: July 22, 2021 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 8, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-747.
Jul 22, 2021
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5052)
Jul 22, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

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 September 8, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-747.

 Related & companion bills 4
  • HR 3954 Related bill Disaster Tax Relief Act of 2021
  • HR 5376 Related bill An act to provide for reconciliation pursuant to title II of S. Con. Res. 14.
  • S 5176 Related bill Disaster Mitigation and Tax Parity Act of 2022
  • HR 4675 Identical bill Disaster Mitigation and Tax Parity Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Padilla, Alex
California · Jul 22, 2021
 R
Tillis, Thomas
North Carolina · Jul 22, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2432: Disaster Mitigation and Tax Parity Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-2432/
MLA
"S. 2432: Disaster Mitigation and Tax Parity Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2432/.
Bluebook (legal)
S. 2432, 117th Cong. (2026), https://openamerica.io/bill/117-S-2432/.
Markdown link
[S. 2432: Disaster Mitigation and Tax Parity Act of 2021](https://openamerica.io/bill/117-S-2432/)
Report a problem