Bill > HR5494

Introduced Session

To amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs. 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 residence for the sole purpose of reducing the damage that would be done to such residence by a windstorm, earthquake, or wildfire.

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Committee Categories

Mike Thompson (D)*,  Pete Aguilar (D),  Ami Bera (D),  Suzanne Bonamici (D),  Julia Brownley (D),  Bradley Byrne (R),  Ken Calvert (R),  Judy Chu (D),  Gil Cisneros (D),  Paul Cook (R),  John Garamendi (D),  Jimmy Gomez (D),  Gwen Moore (D),  Jimmy Panetta (D),  Tom Rice (R),  Mike Rogers (R),  David Rouzer (R),  Linda Sánchez (D),  Terri Sewell (D),  Jackie Speier (D),  Eric Swalwell (D), 

Referred to the House Committee on Ways and Means. (on 12/19/2019)

Official Document