US HB2053 | 2019-2020 | 116th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 8-2)
Status: Introduced on April 3 2019 - 25% progression, died in committee
Action: 2019-04-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 3 2019 - 25% progression, died in committee
Action: 2019-04-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the requirements for calculating taxable income 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 2019
Sponsors
Rep. Mike Thompson [D-CA] | Rep. Ken Calvert [R-CA] | Rep. Eric Swalwell [D-CA] | Rep. John Garamendi [D-CA] |
Rep. Jackie Speier [D-CA] | Rep. Jimmy Gomez [D-CA] | Rep. Judy Chu [D-CA] | Rep. Pete Aguilar [D-CA] |
Rep. Jimmy Panetta [D-CA] | Rep. Paul Cook [R-CA] |
History
Date | Chamber | Action |
---|---|---|
2019-04-03 | House | Referred to the House Committee on Ways and Means. |
2019-04-03 | House | Introduced in House |
Same As/Similar To
SB1058 (Related) 2019-04-08 - 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/116th-congress/house-bill/2053/all-info |
Text | https://www.congress.gov/116/bills/hr2053/BILLS-116hr2053ih.pdf |