US Congress House Bill 6841 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on September 17 2018 - 25% progression, died in committee
Action: 2018-09-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Disaster Savings and Resilient Construction Act of 2018 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.

Disaster Savings and Resilient Construction Act of 2018

Rep. Tom Reed [R-NY]

Date	Chamber	Action
2018-09-17	House	Referred to the House Committee on Ways and Means.
2018-09-17	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/6841/all-info
Text	https://www.congress.gov/115/bills/hr6841/BILLS-115hr6841ih.pdf