119th Congress Taxation
H.R. 948: SAFE HOME Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill establishes a new refundable tax credit (through 2032) for costs incurred by an individual to improve the fire resistance of a primary residence. (Certain requirements and limitations apply.)
The amount of the tax credit is 25% of unreimbursed qualified wildfire mitigation expenses up to $25,000. The tax credit begins to phase out for individuals with an adjusted gross income exceeding $200,000, such that the tax credit is completely phased out for individuals with an adjusted gross income of $300,000 or more.
Wildfire mitigation expenses that qualify for the tax credit include
Read the full summary
- property to improve the fire-resistance of a roof;
- installation of ignition-resistant property (e.g., sheathing, flashing, roof and attic vents, or certain exterior elements) or structure-specific water hydration systems;
- services or equipment to create a buffer around the residence or to replace flammable vegetation with less flammable vegetation;
- services or equipment for certain fire maintenance procedures; and
- services or equipment to prevent smoke inhalation (e.g., air filters).
Further, such expenses must be incurred with respect to a primary residence located (1) in the United States; and (2) in an area that, due to a wildfire, received a federal disaster declaration within the prior 10 years or that is adjacent to such area, that received certain hazard mitigation assistance in the tax year or the prior 10 years, or that is a community disaster resilience zone (or received such designation for any tax year).
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Who scored on this bill
No member has earned points from it yet.
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Kevin Kiley
- H.R. 3495: Direct Seller and Real Estate Agent Harmonization Act
- H.R. 1319: Modern Worker Empowerment Act
- H.R. 1320: Modern Worker Security Act
- H.R. 9124: To name the Department of Veterans Affairs community-based outpatient clinic in Auburn, California, as the "Louis A. Conter VA Clinic".
- H.J.Res. 116: Disapproval of Department of Labor rule: Employee or Independent Contractor Classification Under the Fair Labor Standards Act
- H.R. 4250: PRESS Act
History
- Introduced in the House by Kevin Kiley.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.