3.0.0 312 2024-07-24T15:24:09Z 2024-07-24T15:24:09Z House H HR 2023-01-12 118 [Congressional Record Volume 169, Number 10 (Thursday, January 12, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CLOUD:H.R. 312.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 states that Congress hasthe power to ``make all Laws which shall be necessary andproper for carrying into Execution the foregoing Powers, andall other Powers vested by this Constitution in theGovernment of the United States or in any Department orOfficer thereof . . .''[Page H234]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-01-12T14:03:20Z 2023-01-12 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-01-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-01-12 Introduced in House IntroReferral 1000 9 Library of Congress C001115 Rep. Cloud, Michael [R-TX-27] Michael Cloud R TX 27 N Taxation Bank accounts, deposits, capital 2023-03-20T12:45:37Z Child care and development 2023-03-20T12:45:37Z Disaster relief and insurance 2023-03-20T12:45:37Z Emergency medical services and trauma care 2023-03-20T12:45:37Z Health care costs and insurance 2023-03-20T12:45:37Z Housing finance and home ownership 2023-03-20T12:45:37Z Income tax deductions 2023-03-20T12:45:37Z Income tax exclusion 2023-03-20T12:45:37Z Infectious and parasitic diseases 2023-03-20T12:45:37Z Inflation and prices 2023-03-20T12:45:37Z Landlord and tenant 2023-03-20T12:45:36Z Property tax 2023-03-20T12:45:36Z Public utilities and utility rates 2023-03-20T12:45:36Z Unemployment 2023-03-20T12:45:36Z Taxation 2023-01-25T14:45:25Z 00 2023-01-12 Introduced in House 2023-01-25T17:53:54Z Emergency Savings Accounts Act of 2023

This bill allows an individual taxpayer occupying a residence a deduction from gross income for up to $5,000 of amounts paid into such taxpayer's emergency savings account. The bill defines emergency savings account as an account established exclusively to pay the qualified disaster and public health emergency expenses of the account beneficiary.

The bill defines qualified disaster and public health emergency expenses as disaster mitigation expenses, disaster recovery expenses, public health emergency expenses, and unemployment-related expenses.

]]> Emergency Savings Accounts Act of 2023 Display Title 45 Emergency Savings Accounts Act of 2023 2024-07-24T15:24:09Z Short Title(s) as Introduced 101 Emergency Savings Accounts Act of 2023 2024-05-24T13:43:04Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to provide emergency savings accounts for individuals. 2024-03-18T20:11:57Z Introduced in House IH Introduced in House 2023-01-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr312ih/xml/BILLS-118hr312ih.xml 2023-01-12 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.