Disaster Mitigation and Tax Parity Act of 2021

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 July 2021

   Introduced

   Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5052)

   Source: IntroReferral

2. 22 July 2021

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 8 September 2022

   Committee

   Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-747.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 22 July 2021 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 July 2021

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 July 2021

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 22 July 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Feinstein, Dianne [D-CA] · D · Sponsor
• Sen. Burr, Richard [R-NC] · R · Sponsor
• Sen. Padilla, Alex [D-CA] · D · Sponsor
• Sen. Tillis, Thomas [R-NC] · R · Sponsor
• · ssbk00 · Standing
• · ssfi00 · Standing

Related records

• related to → Disaster Tax Relief Act of 2021
• related to → Disaster Mitigation and Tax Parity Act of 2021
• related to ← An act to provide for reconciliation pursuant to title II of S. Con. Res. 14.
• related to ← Disaster Mitigation and Tax Parity Act of 2022