US HB5610 | 2015-2016 | 114th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on June 28 2016 - 25% progression, died in committee
Action: 2016-06-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 28 2016 - 25% progression, died in committee
Action: 2016-06-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Earthquake Mitigation Tax Incentive Act of 2016 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 Tax Incentive Act of 2016
Sponsors
Rep. Mike Thompson [D-CA] | Rep. Paul Cook [R-CA] | Rep. Doug LaMalfa [R-CA] | Rep. Michael Honda [D-CA] |
Rep. Adam Schiff [D-CA] | Rep. Pete Aguilar [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2016-06-28 | House | Referred to the House Committee on Ways and Means. |
2016-06-28 | House | Introduced in House |
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/114th-congress/house-bill/5610/all-info |
Text | https://www.congress.gov/114/bills/hr5610/BILLS-114hr5610ih.pdf |