Disaster Mitigation and Tax Parity Act of 2023
- Last Action
- 6/13/2023
Actions
- 2023-06-13Read twice and referred to the Committee on Finance.
- 2023-06-13Introduced in Senate
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 (12)
- Alex Padilla (D-CA)
- Bill Cassidy (R-LA)
- Thomas Tillis (R-NC)
- John Kennedy (R-LA)
- John Hickenlooper (D-CO)
- Michael Bennet (D-CO)
- Jeff Merkley (D-OR)
- Ted Budd (R-NC)
- Katie Britt (R-AL)
- Roger Wicker (R-MS)
- Laphonza Butler (D-CA)
- Amy Klobuchar (D-MN)
Sourced from Congress.gov (public domain).
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