Disaster Mitigation and Tax Parity Act of 2023
- Last Action
- 6/13/2023
Actions
- 2023-06-13Referred to the House Committee on Ways and Means.
- 2023-06-13Introduced in House
- 2023-06-13Introduced in House
CRS Summary
As of 2023-06-13 (00)
Disaster Mitigation and Tax Parity Act of 2023
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 property for the sole purpose of reducing the damage that would be done to such property by a windstorm, earthquake, or wildfire.
Cosponsors (20)
- MIKE THOMPSON (D-CA)
- David Rouzer (R-NC)
- Clay Higgins (R-LA)
- Jerry Carl (R-AL)
- Scott Fitzgerald (R-WI)
- Deborah Ross (D-NC)
- KEN CALVERT (R-CA)
- Gregory Murphy (R-NC)
- Jay Obernolte (R-CA)
- Jimmy Panetta (D-CA)
- Linda Sánchez (D-CA)
- Mike Rogers (R-AL)
- Terri Sewell (D-AL)
- Dale Strong (R-AL)
- Suzanne Bonamici (D-OR)
- BARBARA LEE (D-CA)
- Eric Swalwell (D-CA)
- Judy Chu (D-CA)
- Julia Brownley (D-CA)
- Kevin Mullin (D-CA)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.