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United States · Bill · S

S. 2432 (117th)

Disaster Mitigation and Tax Parity Act of 2021

openUnited States· United States Congress· EN

Introduced

22 July 2021

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

27 May 2026

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.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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