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Disaster Mitigation and Tax Parity Act of 2021

USA117th CongressHR-4675| House 
| Updated: 7/22/2021
Mike Thompson

Mike Thompson

Democratic Representative

California

Cosponsors (14)
John Garamendi (Democratic)Jackie Speier (Democratic)Pete Aguilar (Democratic)Terri A. Sewell (Democratic)Jimmy Panetta (Democratic)David Rouzer (Republican)Ken Calvert (Republican)Tom Rice (Republican)Ami Bera (Democratic)Scott Fitzgerald (Republican)Suzanne Bonamici (Democratic)Linda T. Sánchez (Democratic)Jimmy Gomez (Democratic)Judy Chu (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Disaster Mitigation and Tax Parity Act of 2021 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 residence for the sole purpose of reducing the damage that would be done to such residence by a windstorm, earthquake, or wildfire.
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Timeline
Jul 22, 2021
Introduced in House
Jul 22, 2021
Referred to the House Committee on Ways and Means.
Dec 1, 2022

Latest Companion Bill Action

S 117-5176
Introduced in Senate
  • July 22, 2021
    Introduced in House


  • July 22, 2021
    Referred to the House Committee on Ways and Means.


  • December 1, 2022

    Latest Companion Bill Action

    S 117-5176
    Introduced in Senate

Taxation

Related Bills

  • S 117-2432: Disaster Mitigation and Tax Parity Act of 2021
  • HR 117-5376: Inflation Reduction Act of 2022
  • HR 117-3954: Disaster Tax Relief Act of 2021
  • S 117-5176: Disaster Mitigation and Tax Parity Act of 2022
Disaster relief and insuranceIncome tax exclusionNatural disastersResidential rehabilitation and home repairState and local government operations

Disaster Mitigation and Tax Parity Act of 2021

USA117th CongressHR-4675| House 
| Updated: 7/22/2021
Disaster Mitigation and Tax Parity Act of 2021 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 residence for the sole purpose of reducing the damage that would be done to such residence by a windstorm, earthquake, or wildfire.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 22, 2021
Introduced in House
Jul 22, 2021
Referred to the House Committee on Ways and Means.
Dec 1, 2022

Latest Companion Bill Action

S 117-5176
Introduced in Senate
  • July 22, 2021
    Introduced in House


  • July 22, 2021
    Referred to the House Committee on Ways and Means.


  • December 1, 2022

    Latest Companion Bill Action

    S 117-5176
    Introduced in Senate
Mike Thompson

Mike Thompson

Democratic Representative

California

Cosponsors (14)
John Garamendi (Democratic)Jackie Speier (Democratic)Pete Aguilar (Democratic)Terri A. Sewell (Democratic)Jimmy Panetta (Democratic)David Rouzer (Republican)Ken Calvert (Republican)Tom Rice (Republican)Ami Bera (Democratic)Scott Fitzgerald (Republican)Suzanne Bonamici (Democratic)Linda T. Sánchez (Democratic)Jimmy Gomez (Democratic)Judy Chu (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 117-2432: Disaster Mitigation and Tax Parity Act of 2021
  • HR 117-5376: Inflation Reduction Act of 2022
  • HR 117-3954: Disaster Tax Relief Act of 2021
  • S 117-5176: Disaster Mitigation and Tax Parity Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Disaster relief and insuranceIncome tax exclusionNatural disastersResidential rehabilitation and home repairState and local government operations