- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to provide a credit against tax for disaster mitigation expenditures.
Plain-language summary
The Shelter Act would amend federal tax law to create a credit for people who spend money on disaster mitigation—that is, work to protect their homes or property from natural disasters like hurricanes or floods. A tax credit is a direct reduction in the taxes you owe. The bill is sponsored by Senators Michael Bennet and Bill Cassidy and has just been introduced in Congress. It has not yet been assigned to a for detailed review.
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SB2106: Shelter Act