Storm Shelter Act of 2019 This bill establishes a one-time refundable tax credit of up to $2,500 for the costs of installing a storm shelter to be used at a taxpayer's principal residence. To qualify for the credit, the residence may not be valued at more than $250,000.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3219)
Introduced in Senate
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3219)
Taxation
Income tax creditsNatural disastersResidential rehabilitation and home repair
Storm Shelter Act of 2019
USA116th CongressS-1708| Senate
| Updated: 6/4/2019
Storm Shelter Act of 2019 This bill establishes a one-time refundable tax credit of up to $2,500 for the costs of installing a storm shelter to be used at a taxpayer's principal residence. To qualify for the credit, the residence may not be valued at more than $250,000.