US HB1691 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 5-3)
Status: Introduced on March 22 2017 - 25% progression, died in committee
Action: 2017-03-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 22 2017 - 25% progression, died in committee
Action: 2017-03-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Earthquake Mitigation Incentive and Tax Parity Act of 2017 This bill amends the Internal Revenue Code to exclude from gross income any amount received as a qualified earthquake mitigation payment. A qualified earthquake mitigation payment is any amount received by a residential property owner or occupant under an earthquake loss mitigation program established by a state (including an agency, instrumentality, or political subdivision of the state) or by a state with a tax-exempt organization or public instrumentality of the state.
Title
Earthquake Mitigation Incentive and Tax Parity Act of 2017
Sponsors
Rep. Mike Thompson [D-CA] | Rep. Paul Cook [R-CA] | Rep. Adam Schiff [D-CA] | Rep. Pete Aguilar [D-CA] |
Rep. Doug LaMalfa [R-CA] | Rep. Norma Torres [D-CA] | Rep. Ken Calvert [R-CA] | Rep. Jackie Speier [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2017-03-22 | House | Referred to the House Committee on Ways and Means. |
2017-03-22 | House | Introduced in House |
Same As/Similar To
SB2104 (Related) 2017-11-08 - Read twice and referred to the Committee on Finance.
Subjects
Building construction
Income tax exclusion
Natural disasters
Residential rehabilitation and home repair
Taxation
Income tax exclusion
Natural disasters
Residential rehabilitation and home repair
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/1691/all-info |
Text | https://www.congress.gov/115/bills/hr1691/BILLS-115hr1691ih.pdf |