US SB1583 | 2011-2012 | 112th Congress
Status
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]
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]
Summary
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.
Title
Storm Shelter Tax Relief Act
Sponsors
Sen. James Inhofe [R-OK] | Sen. Roy Blunt [R-MO] | Sen. Saxby Chambliss [R-GA] | Sen. Jeff Sessions [R-AL] |
History
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) |
Subjects
Appropriations
Building construction
Department of Housing and Urban Development
Executive agency funding and structure
Income tax deductions
Natural disasters
Residential rehabilitation and home repair
Taxation
Building construction
Department of Housing and Urban Development
Executive agency funding and structure
Income tax deductions
Natural disasters
Residential rehabilitation and home repair
Taxation
US Congress State Sources
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 |