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United States · Bill · HR

H.R. 5494 (116th)

Catastrophe Loss Mitigation Incentive and Tax Parity Act of 2019

referredUnited States· United States Congress· EN

Introduced

19 December 2019

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Catastrophe Loss Mitigation Incentive and Tax Parity Act of 2019 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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Documents

3 official files

Introduced in House (text)

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