Earthquake Mitigation Incentive and Tax Parity Act of 2019
- Last Action
- 4/3/2019
Actions
- 2019-04-03Referred to the House Committee on Ways and Means.
- 2019-04-03Introduced in House
- 2019-04-03Introduced in House
CRS Summary
As of 2019-04-03 (00)
Earthquake Mitigation Incentive and Tax Parity Act of 2019
This bill modifies the requirements for calculating taxable income to exclude from gross income any amount received as a qualified earthquake mitigation payment.
A "qualified earthquake mitigation payment" is any amount received by a residential property owner or occupant under an earthquake loss mitigation program established by a state (including an agency, instrumentality, or political subdivision of the state) or by a state with a tax-exempt organization or public instrumentality of the state.
Cosponsors (9)
- KEN CALVERT (R-CA)
- Eric Swalwell (D-CA)
- John Garamendi (D-CA)
- Jackie Speier (D-CA)
- Jimmy Gomez (D-CA)
- Judy Chu (D-CA)
- Pete Aguilar (D-CA)
- Jimmy Panetta (D-CA)
- Paul Cook (R-CA)
Subjects
- Building construction
- Income tax exclusion
- Natural disasters
- Residential rehabilitation and home repair
Sourced from Congress.gov (public domain).
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