US Congress Senate Bill 1583 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on September 20 2011 - 25% progression, died in committee
Action: 2011-09-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Storm Shelter Tax Relief Act - Amends the Internal Revenue Code to allow a tax deduction, up to $2,500 in a taxable year, for the cost (including labor) of purchasing, constructing, and installing a qualified storm shelter. Terminates such deduction after 2012. Rescinds unobligated funds from the Community Development Fund authorized by the Department of Housing and Urban Development Appropriations Act, 2010 and the Department of Defense and Full-Year Continuing Appropriations Act, 2011.

Storm Shelter Tax Relief Act

Sen. James Inhofe [R-OK]

Sen. Roy Blunt [R-MO]

Sen. Saxby Chambliss [R-GA]

Sen. Jeff Sessions [R-AL]

Date	Chamber	Action
2011-09-20	Senate	Read twice and referred to the Committee on Finance.
2011-09-20	Senate	Sponsor introductory remarks on measure. (CR S5774-5776)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/1583/all-info
Text	https://www.congress.gov/112/bills/s1583/BILLS-112s1583is.pdf