S 1953
118th Congress
Senate
Taxation
Disaster Mitigation and Tax Parity Act of 2023
Introduced: June 13, 2023
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 13, 2023
Read twice and referred to the Committee on Finance.
Jun 13, 2023
Introduced in Senate
Plain-English summary
Disaster Mitigation and Tax Parity Act of 2023
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 property for the sole purpose of reducing the damage that would be done to such property by a windstorm, earthquake, or wildfire.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1