Politiparty
Politiparty

118th Congress Taxation

S. 1953: Disaster Mitigation and Tax Parity Act of 2023

Introduced

  1. Introduced (completed)Jun 13, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Jun 13, 2023

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 property for the sole purpose of reducing the damage that would be done to such property by a windstorm, earthquake, or wildfire.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

12

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1Dianne Feinstein D-CA SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Dianne Feinstein

History

  1. Jun 13, 2023Introduced in the Senate by Dianne Feinstein.
Show the full action history (2 actions)
  1. Jun 13, 2023Introduced in Senate
  2. Jun 13, 2023Read twice and referred to the Committee on Finance.