3.0.0 2104 2023-01-11T13:39:23Z 2023-01-11T13:39:23Z Senate S 2017-11-08 115 ssfi00 Finance Committee Senate Standing Referred to 2017-11-08T22:38:10Z Earthquake Mitigation Incentive and Tax Parity Act of 2017 115 1691 HR 2017-03-22 Referred to the House Committee on Ways and Means. Related bill CRS 2017-11-08 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-11-08 Introduced in Senate IntroReferral 10000 9 Library of Congress H001075 Sen. Harris, Kamala D. [D-CA] Kamala Harris D CA D. N F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2017-11-08 True Armed Forces and National Security Building construction Income tax exclusion Natural disasters Residential rehabilitation and home repair Taxation Armed Forces and National Security 00 2017-11-08 Introduced in Senate 2018-01-09T22:16:47Z Earthquake Mitigation Incentive and Tax Parity Act of 2017

This bill amends the Internal Revenue Code to exclude from gross income any earthquake loss mitigation received by a residential property owner or occupant under a state-based earthquake loss mitigation program.

"Earthquake loss mitigation" is any property or service that reduces seismic risks to a residential structure or its contents. The term includes any payment, reimbursement, loan, loan forgiveness, grant, credit, rebate, voucher, or other financial incentive for the property or service.

The bill applies to earthquake loss mitigation programs established by a state (including an agency, instrumentality, or political subdivision of the state) or by a state with a tax-exempt organization or public instrumentality of the state.

]]> Earthquake Mitigation Incentive and Tax Parity Act of 2017 Display Title Earthquake Mitigation Incentive and Tax Parity Act of 2017 Short Titles as Introduced Earthquake Mitigation Incentive and Tax Parity Act of 2017 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to exclude from gross income earthquake loss mitigation received under State-based earthquake loss mitigation programs. Introduced in Senate 2017-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2104is/xml/BILLS-115s2104is.xml 2017-11-08 Read twice and referred to the Committee on Finance. 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.