Shelter Act
- Last Action
- 6/22/2023
Actions
- 2023-06-22Referred to the House Committee on Ways and Means.
- 2023-06-22Introduced in House
- 2023-06-22Introduced in House
CRS Summary
As of 2023-06-22 (00)
Shelter Act
This bill allows individual and business taxpayers a new tax credit for 25% of qualified disaster mitigation expenditures. The credit is limited to $2,500 and $5,000 for individual taxpayers and business taxpayers respectively.
The bill defines qualified disaster mitigation expenditures to include expenditures to modify or improve a dwelling unit located in an area in which a federal natural disaster declaration has been made within the preceding five-year period.
Cosponsors (7)
- Brittany Pettersen (D-CO)
- Carlos Gimenez (R-FL)
- Scott Peters (D-CA)
- W. Steube (R-FL)
- Anthony D'Esposito (R-NY)
- Donald Davis (D-NC)
- Josh Gottheimer (D-NJ)
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.