Legis Daily

Disaster Mitigation and Tax Parity Act of 2023

USA118th CongressS-1953| Senate 
| Updated: 6/13/2023
Dianne Feinstein

Dianne Feinstein

Democratic Senator

California

Cosponsors (12)
Bill Cassidy (Republican)Katie Boyd Britt (Republican)Thomas Tillis (Republican)Alex Padilla (Democratic)Amy Klobuchar (Democratic)Laphonza R. Butler (Democratic)Roger F. Wicker (Republican)John W. Hickenlooper (Democratic)John Kennedy (Republican)Michael F. Bennet (Democratic)Jeff Merkley (Democratic)Ted Budd (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 117-5176
Disaster Mitigation and Tax Parity Act of 2022

Bill from Previous Congress

S 117-2432
Disaster Mitigation and Tax Parity Act of 2021
Jun 13, 2023

Latest Companion Bill Action

HR 118-4070
Introduced in House
Jun 13, 2023
Introduced in Senate
Jun 13, 2023
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 117-5176
    Disaster Mitigation and Tax Parity Act of 2022


  • Bill from Previous Congress

    S 117-2432
    Disaster Mitigation and Tax Parity Act of 2021


  • June 13, 2023

    Latest Companion Bill Action

    HR 118-4070
    Introduced in House


  • June 13, 2023
    Introduced in Senate


  • June 13, 2023
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 118-4070: Disaster Mitigation and Tax Parity Act of 2023

Disaster Mitigation and Tax Parity Act of 2023

USA118th CongressS-1953| Senate 
| Updated: 6/13/2023
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-5176
Disaster Mitigation and Tax Parity Act of 2022

Bill from Previous Congress

S 117-2432
Disaster Mitigation and Tax Parity Act of 2021
Jun 13, 2023

Latest Companion Bill Action

HR 118-4070
Introduced in House
Jun 13, 2023
Introduced in Senate
Jun 13, 2023
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 117-5176
    Disaster Mitigation and Tax Parity Act of 2022


  • Bill from Previous Congress

    S 117-2432
    Disaster Mitigation and Tax Parity Act of 2021


  • June 13, 2023

    Latest Companion Bill Action

    HR 118-4070
    Introduced in House


  • June 13, 2023
    Introduced in Senate


  • June 13, 2023
    Read twice and referred to the Committee on Finance.
Dianne Feinstein

Dianne Feinstein

Democratic Senator

California

Cosponsors (12)
Bill Cassidy (Republican)Katie Boyd Britt (Republican)Thomas Tillis (Republican)Alex Padilla (Democratic)Amy Klobuchar (Democratic)Laphonza R. Butler (Democratic)Roger F. Wicker (Republican)John W. Hickenlooper (Democratic)John Kennedy (Republican)Michael F. Bennet (Democratic)Jeff Merkley (Democratic)Ted Budd (Republican)

Finance Committee

Taxation

Related Bills

  • HR 118-4070: Disaster Mitigation and Tax Parity Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted