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HR 4305 118th Congress House Taxation

Shelter Act

Introduced: June 22, 2023 Introduced by: Salazar, Maria Elvira Republican · Florida See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 22, 2023
Referred to the House Committee on Ways and Means.
Jun 22, 2023
Introduced in House
 Plain-English summary Congressional Research Service

Shelter Act

This bill allows individual and business taxpayers a new tax credit for 25% of qualified disaster mitigation expenditures. The credit is limited to $2,500 and $5,000 for individual taxpayers and business taxpayers respectively.

The bill defines qualified disaster mitigation expenditures to include expenditures to modify or improve a dwelling unit located in an area in which a federal natural disaster declaration has been made within the preceding five-year period.

What's happening now June 22, 2023

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1