Shelter Act
- Last Action
- 6/22/2023
Actions
- 2023-06-22Read twice and referred to the Committee on Finance.
- 2023-06-22Introduced in Senate
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 (1)
- Bill Cassidy (R-LA)
Sourced from Congress.gov (public domain).
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