Disaster Savings and Resilient Construction Act of 2021
- Last Action
- 3/17/2021
Actions
- 2021-03-17Referred to the House Committee on Ways and Means.
- 2021-03-17Introduced in House
- 2021-03-17Introduced in House
CRS Summary
As of 2021-03-17 (00)
Disaster Savings and Resilient Construction Act of 2021
This bill allows a tax credit through 2023 for certain residential or commercial buildings owned by a taxpayer in a disaster area that are designed and constructed to meet resilient construction requirements. The bill defines resilient construction requirements as requirements with respect to buildings in a disaster area that make such buildings resistant to hazards brought on by a major disaster, reduce the magnitude or duration of a disruptive event, and have the capacity to withstand a potentially disruptive event.
Cosponsors (10)
- Tom Reed (R-NY)
- PETER DEFAZIO (D-OR)
- Mario Diaz-Balart (R-FL)
- Carlos Gimenez (R-FL)
- ELEANOR NORTON (D-DC)
- Julia Brownley (D-CA)
- John Katko (R-NY)
- Cynthia Axne (D-IA)
- Dina Titus (D-NV)
- Daniel Kildee (D-MI)
Subjects
- Building construction
- Housing industry and standards
- Income tax credits
- Income tax deductions
- Natural disasters
- Residential rehabilitation and home repair
Sourced from Congress.gov (public domain).
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