Disaster Savings and Resilient Construction Act of 2012

Summary

Disaster Savings and Resilient Construction Act of 2012 - Amends the Internal Revenue Code to allow a business-related tax credit for the cost of constructing commercial and residential buildings that comply with resilient construction requirements in a federally-declared major disaster area. Defines "resilient construction requirements" as requirements that ensure that such buildings: (1) can resist hazards brought on by a major disaster and can continue to provide their primary functions after a major disaster, (2) can reduce the magnitude or duration of a disruptive event, and (3) have the absorptive capacity, adaptive capacity, and recoverability to withstand a potentially disruptive event. Terminates such credit for any any property for which a certificate of occupancy is issued after December 31, 2015.

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Timeline

1. 18 May 2012

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 18 May 2012

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 May 2012

   Introduced

   Introduced in House

   Source: IntroReferral

4. 19 September 2012

   Passed

   CHANGE OF FIRST SPONSOR - Mr. Diaz-Balart asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 5839, originally introduced by Representative Geoff Davis (KY), for the purposes of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

   Source: Floor

Votes

No vote records are attached yet.

Versions

• Introduced in House · 18 May 2012 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 May 2012

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 May 2012

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 May 2012

  Open at official source

Sponsors

• Rep. Davis, Geoff [R-KY-4] · R · Sponsor
• Mario Diaz-Balart · R · Sponsor
• Rep. West, Allen B. [R-FL-22] · R · Cosponsor
• Rep. Rivera, David [R-FL-25] · R · Cosponsor
• Kevin Yoder · R · Cosponsor
• Rep. Harris, Andy [R-MD-1] · R · Cosponsor
• Rep. Carnahan, Russ [D-MO-3] · D · Cosponsor
• Rep. Chandler, Ben [D-KY-6] · D · Cosponsor
• Rep. Ross, Mike [D-AR-4] · D · Cosponsor
• Rosa DeLauro · D · Cosponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.