3.0.0 5543 2023-01-11T13:39:50Z 2023-01-11T13:39:50Z House HR 2018-04-17 115 [Congressional Record Volume 164, Number 62 (Tuesday, April 17, 2018)][Pages H3396-H3397]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 5543.Congress has the power to enact this legislation pursuantto the following:[[Page H3397]]Article I, Section 8, Clause 1The Congress shall have Power to lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defense and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States.]]> hswm00 Ways and Means Committee House Standing Referred to 2018-04-17T14:00:36Z 2018-04-17 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-04-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-04-17 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 N Taxation Disaster relief and insurance Floods and storm protection Income tax credits Inflation and prices Insurance industry and regulation Life, casualty, property insurance Taxation 00 2018-04-17 Introduced in House 2018-11-13T16:34:35Z Flood Insurance Tax Credit Act of 2018

This bill amends the Internal Revenue Code to allow a tax credit for flood insurance expenses. The credit applies to portions of a taxpayer's expenses for federal flood insurance, private flood insurance, and federal contents coverage flood insurance for a principal residence. The amount of the credit is subject to limitations based on the taxpayer's income and must be adjusted for inflation after 2019.

]]> Flood Insurance Tax Credit Act of 2018 Display Title Flood Insurance Tax Credit Act of 2018 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow for a credit against tax for certain flood insurance expenses. Introduced in House IH Short Titles as Introduced Flood Insurance Tax Credit Act of 2018 Introduced in House 2018-04-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr5543ih/xml/BILLS-115hr5543ih.xml 2018-04-17 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.