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Disaster Mitigation and Tax Parity Act of 2021

USA117th CongressS-2432| Senate 
| Updated: 9/8/2022
Dianne Feinstein

Dianne Feinstein

Democratic Senator

California

Cosponsors (3)
Thomas Tillis (Republican)Alex Padilla (Democratic)Richard Burr (Republican)

Finance Committee, Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jul 22, 2021

Latest Companion Bill Action

HR 117-4675
Introduced in House
Jul 22, 2021
Introduced in Senate
Jul 22, 2021
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5052)
Sep 8, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • July 22, 2021

    Latest Companion Bill Action

    HR 117-4675
    Introduced in House


  • July 22, 2021
    Introduced in Senate


  • July 22, 2021
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5052)


  • September 8, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

Taxation

Related Bills

  • HR 117-5376: Inflation Reduction Act of 2022
  • HR 117-3954: Disaster Tax Relief Act of 2021
  • HR 117-4675: Disaster Mitigation and Tax Parity Act of 2021
  • S 117-5176: Disaster Mitigation and Tax Parity Act of 2022
Disaster relief and insuranceIncome tax exclusionNatural disastersResidential rehabilitation and home repairState and local government operations

Disaster Mitigation and Tax Parity Act of 2021

USA117th CongressS-2432| Senate 
| Updated: 9/8/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 22, 2021

Latest Companion Bill Action

HR 117-4675
Introduced in House
Jul 22, 2021
Introduced in Senate
Jul 22, 2021
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5052)
Sep 8, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • July 22, 2021

    Latest Companion Bill Action

    HR 117-4675
    Introduced in House


  • July 22, 2021
    Introduced in Senate


  • July 22, 2021
    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5052)


  • September 8, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Dianne Feinstein

Dianne Feinstein

Democratic Senator

California

Cosponsors (3)
Thomas Tillis (Republican)Alex Padilla (Democratic)Richard Burr (Republican)

Finance Committee, Banking, Housing, and Urban Affairs Committee

Taxation

Related Bills

  • HR 117-5376: Inflation Reduction Act of 2022
  • HR 117-3954: Disaster Tax Relief Act of 2021
  • HR 117-4675: Disaster Mitigation and Tax Parity Act of 2021
  • S 117-5176: Disaster Mitigation and Tax Parity Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Disaster relief and insuranceIncome tax exclusionNatural disastersResidential rehabilitation and home repairState and local government operations