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S. 5176 117th Congress Senate

Disaster Mitigation and Tax Parity Act of 2022

Official title: A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs.

Introduced: December 1, 2022 Introduced by: Bill Cassidy Republican · Louisiana See on congress.gov
Taxation
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 1, 2022
Read twice and referred to the Committee on Finance.
Dec 1, 2022
Introduced in Senate
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 Latest action December 1, 2022

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Disaster Mitigation and Tax Parity Act of 2022

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, wildfire, or flooding.

This tax exclusion is retroactive to taxable years beginning after 2020, including by amended return.

 Related & companion bills 2
  • HR 4675 Disaster Mitigation and Tax Parity Act of 2021
  • S 2432 Disaster Mitigation and Tax Parity Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 5176: Disaster Mitigation and Tax Parity Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-5176/
MLA
"S. 5176: Disaster Mitigation and Tax Parity Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-5176/.
Bluebook (legal)
S. 5176, 117th Cong. (2026), https://openamerica.io/bill/117-S-5176/.
Markdown link
[S. 5176: Disaster Mitigation and Tax Parity Act of 2022](https://openamerica.io/bill/117-S-5176/)
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