Disaster Savings and Resilient Construction Act of 2018

Summary

Disaster Savings and Resilient Construction Act of 201 8 This bill amends the Internal Revenue Code to allow a business-related tax credit for a specified portion of the cost of commercial and residential buildings that comply with resilient construction requirements in a federally-declared major disaster area. The bill defines "resilient construction requirements" as requirements that such buildings are designed and constructed to: (1) resist hazards brought on by a major disaster; (2) continue to provide their primary functions after a major disaster; (3) reduce the magnitude or duration of a disruptive event; and (4) have the absorptive capacity, adaptive capacity, and recoverability to withstand a potentially disruptive event. The credit does not apply to property for which a certificate of occupancy is issued after December 31, 2022.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 September 2018

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• Introduced in House (PDF)

  Introduced in House · EN · 17 September 2018

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• Introduced in House

  summary · EN · 17 September 2018

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