HR 4675 United States House · 117th Congress

Disaster Mitigation and Tax Parity Act of 2021

Summary

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.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jul 2021

Committee Review

Floor Vote

President

Introduced Jul 22, 2021 Last action Jul 22, 2021

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 22, 2021

Committee

Referred to the House Committee on Ways and Means.

lower

Jul 22, 2021

Introduced

Introduced in House

lower

1 primary · 14 co-sponsors

Sponsors

Role

Legislator

Party

State

District