- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
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 allow people and businesses to claim a tax credit—a direct reduction in taxes owed—for money spent on disaster mitigation. Disaster mitigation means projects that reduce damage from hurricanes, floods, earthquakes, and other natural disasters. Examples include installing hurricane shutters, elevating homes, or upgrading building materials. The bill is currently introduced in Congress, which means it has been formally submitted but not yet assigned to a for review.
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HB4305: Shelter Act
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Sponsors
Maria Salazar
Primary SponsorCo-sponsors (7)
Brittany Pettersen
Carlos Gimenez
Scott Peters
Greg Steube
Anthony D'Esposito