Coastal Homeowners Assistance Act

Summary

Costal [ sic ] Homeowners Assistance Act - Amends the Internal Revenue Code to allow tax credits for: (1) 25% of the qualified hurricane mitigation property expenditures incurred by a homeowner in a federally declared hurricane disaster area or in a county located in a state which borders the Atlantic Ocean or the Gulf of Mexico, up to $5,000; and (2) 50% of the increases in homeowner insurance premiums in such disaster areas, up to $5,000. Includes within the definition of "qualified hurricane mitigation property expenditures" expenditures to improve the strength of a roof deck attachment, create a secondary water barrier, improve the durability of a roof covering, or protect exterior doors and garages.

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Timeline

1. 1 August 2008

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 1 August 2008

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 1 August 2008 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 1 August 2008

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 1 August 2008

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 1 August 2008

  Open at official source

Sponsors

• Roger Wicker · R · Sponsor
• Rep. Cochran, Thad [R-MS-4] · R · Sponsor
• Sen. Martinez, Mel [R-FL] · R · Sponsor
• Sen. Vitter, David [R-LA] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → Hurricane and Tornado Mitigation Investment Act of 2007
• related to → Homeowners Insurance and Mitigation Assistance Act of 2008
• related to → Hurricane and Tornado Mitigation Investment Act of 2007