US HB5494 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 15-6)
Status: Introduced on December 19 2019 - 25% progression, died in committee
Action: 2019-12-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 19 2019 - 25% progression, died in committee
Action: 2019-12-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Catastrophe Loss Mitigation Incentive and Tax Parity Act of 2019
Sponsors
| Rep. Mike Thompson [D-CA] | Rep. Ken Calvert [R-CA] | Rep. Terri Sewell [D-AL] | Rep. Tom Rice [R-SC] |
| Rep. David Rouzer [R-NC] | Rep. John Garamendi [D-CA] | Rep. Jackie Speier [D-CA] | Rep. Jimmy Gomez [D-CA] |
| Rep. Judy Chu [D-CA] | Rep. Jimmy Panetta [D-CA] | Rep. Paul Cook [R-CA] | Rep. Ami Bera [D-CA] |
| Rep. Linda Sanchez [D-CA] | Rep. Pete Aguilar [D-CA] | Rep. Eric Swalwell [D-CA] | Rep. Mike D. Rogers [R-AL] |
| Rep. Bradley Byrne [R-AL] | Rep. Gwen Moore [D-WI] | Rep. Julia Brownley [D-CA] | Rep. Gil Cisneros [D-CA] |
| Rep. Suzanne Bonamici [D-OR] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-12-19 | House | Referred to the House Committee on Ways and Means. |
| 2019-12-19 | House | Introduced in House |
Subjects
Disaster relief and insurance
Income tax exclusion
Natural disasters
Residential rehabilitation and home repair
State and local government operations
Taxation
Income tax exclusion
Natural disasters
Residential rehabilitation and home repair
State and local government operations
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/5494/all-info |
| Text | https://www.congress.gov/116/bills/hr5494/BILLS-116hr5494ih.pdf |
