Skip to main content
S 336 119th 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 2025

Introduced: January 30, 2025 Introduced by: Tillis, Thomas Republican · North Carolina See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 30, 2025
Read twice and referred to the Committee on Finance.
Jan 30, 2025
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 2025

This bill excludes from gross income, for federal income tax purposes, payments received from a state catastrophe loss mitigation program by an individual for the purpose of making improvements to the individual’s property that mitigate the impact of certain disasters.

Under current law, individuals may exclude from gross income, for federal income tax purposes, payments received under the Robert T. Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) for hazard mitigation. (Some exceptions apply.) Further, under current law, such payments do not increase the basis of the property for which the payments are made.

The bill allows a similar exclusion from gross income for certain payments received by an individual from a program established by

  • a state (or any political subdivision or instrumentality of the state),
  • a joint powers authority, or
  • an entity that was established by the state to provide essential or basic property insurance and is regulated by the state.

Under the bill, such payments must be for making improvements to the individual’s property for the sole purpose of reducing damage that would be done to the property by a windstorm, earthquake, flood, or wildfire.

Finally, the bill provides that such payments from a state catastrophe loss mitigation program do not increase the basis of the property for which the payments are made.

What's happening now January 30, 2025

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 1849 Related bill Disaster Mitigation and Tax Parity Act of 2025
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 33

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

See all 33 filings →
 Cosponsors 12
All 12 Democratic 7 Republican 5
D
Gallego, Ruben
Arizona · Dec 3, 2025
 R
Britt, Katie Boyd
Alabama · Nov 19, 2025
 D
Bennet, Michael F.
Colorado · Jan 30, 2025
 R
Budd, Ted
North Carolina · Jan 30, 2025
 R
Cassidy, Bill
Louisiana · Jan 30, 2025
 D
Hickenlooper, John W.
Colorado · Jan 30, 2025
 R
Kennedy, John
Louisiana · Jan 30, 2025
 D
Klobuchar, Amy
Minnesota · Jan 30, 2025
 D
Merkley, Jeff
Oregon · Jan 30, 2025
 D
Padilla, Alex
California · Jan 30, 2025
 D
Schiff, Adam B.
California · Jan 30, 2025
 R
Wicker, Roger F.
Mississippi · Jan 30, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). S. 336: Disaster Mitigation and Tax Parity Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-336/
MLA
"S. 336: Disaster Mitigation and Tax Parity Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-336/.
Bluebook (legal)
S. 336, 119th Cong. (2026), https://openamerica.io/bill/119-S-336/.
Markdown link
[S. 336: Disaster Mitigation and Tax Parity Act of 2025](https://openamerica.io/bill/119-S-336/)
Report a problem