US HB6841 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on September 17 2018 - 25% progression
Action: 2018-09-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Disaster Savings and Resilient Construction Act of 2018 This bill amends the Internal Revenue Code to allow a business-related tax credit for a specified portion of the cost of commercial and residential buildings that comply with resilient construction requirements in a federally-declared major disaster area. The bill defines "resilient construction requirements" as requirements that such buildings are designed and constructed to: (1) resist hazards brought on by a major disaster; (2) continue to provide their primary functions after a major disaster; (3) reduce the magnitude or duration of a disruptive event; and (4) have the absorptive capacity, adaptive capacity, and recoverability to withstand a potentially disruptive event. The credit does not apply to property for which a certificate of occupancy is issued after December 31, 2022.

Tracking Information

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Title

Disaster Savings and Resilient Construction Act of 2018

Sponsors


History

DateChamberAction
2018-09-17HouseReferred to the House Committee on Ways and Means.
2018-09-17HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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