3.0.0
336
2025-12-10T06:45:34Z
2025-12-10T06:45:34Z
Senate
S
S
2025-01-30
119
https://www.congress.gov/bill/119th-congress/senate-bill/336
- ssfi00
Finance Committee
Senate
Standing
  - Referred To
2025-01-30T19:34:19Z

- Disaster Mitigation and Tax Parity Act of 2025
119
1849
HR
2025-03-05
Referred to the House Committee on Ways and Means.
  - Related bill
CRS
- 2025-01-30
  - ssfi00
Finance Committee
Senate
Read twice and referred to the Committee on Finance.
IntroReferral
- 2025-01-30
Introduced in Senate
IntroReferral
10000
9
Library of Congress
- T000476
Sen. Tillis, Thomas [R-NC]
Thomas
Tillis
R
NC
Roland
N
- P000145
Sen. Padilla, Alex [D-CA]
Alex
Padilla
D
CA
2025-01-30
True
- C001075
Sen. Cassidy, Bill [R-LA]
Bill
Cassidy
R
LA
2025-01-30
True
- S001150
Sen. Schiff, Adam B. [D-CA]
Adam
Schiff
D
CA
B.
2025-01-30
True
- K000393
Sen. Kennedy, John [R-LA]
John
Kennedy
R
LA
2025-01-30
True
- H000273
Sen. Hickenlooper, John W. [D-CO]
John
Hickenlooper
D
CO
W.
2025-01-30
True
- B001305
Sen. Budd, Ted [R-NC]
Ted
Budd
R
NC
2025-01-30
True
- K000367
Sen. Klobuchar, Amy [D-MN]
Amy
Klobuchar
D
MN
2025-01-30
True
- W000437
Sen. Wicker, Roger F. [R-MS]
Roger
Wicker
R
MS
F.
2025-01-30
True
- B001267
Sen. Bennet, Michael F. [D-CO]
Michael
Bennet
D
CO
2025-01-30
True
- M001176
Sen. Merkley, Jeff [D-OR]
Jeff
Merkley
D
OR
2025-01-30
True
- B001319
Sen. Britt, Katie Boyd [R-AL]
Katie
Britt
R
AL
2025-11-19
False
- G000574
Sen. Gallego, Ruben [D-AZ]
Ruben
Gallego
D
AZ
2025-12-03
False
Taxation
Taxation
2025-04-28T21:57:26Z
00
2025-01-30
Introduced in Senate
2025-06-24T18:41:27Z
Disaster Mitigation and Tax Parity Act of 2025
This bill excludes from gross income, for federal income tax purposes, payments received from a state catastrophe loss mitigation program by an individual for the purpose of making improvements to the individual’s property that mitigate the impact of certain disasters.
Under current law, individuals may exclude from gross income, for federal income tax purposes, payments received under the Robert T. Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) for hazard mitigation. (Some exceptions apply.) Further, under current law, such payments do not increase the basis of the property for which the payments are made.
The bill allows a similar exclusion from gross income for certain payments received by an individual from a program established by
- a state (or any political subdivision or instrumentality of the state),
- a joint powers authority, or
- an entity that was established by the state to provide essential or basic property insurance and is regulated by the state.
Under the bill, such payments must be for making improvements to the individual’s property for the sole purpose of reducing damage that would be done to the property by a windstorm, earthquake, flood, or wildfire.
Finally, the bill provides that such payments from a state catastrophe loss mitigation program do not increase the basis of the property for which the payments are made.

Disaster Mitigation and Tax Parity Act of 2025
- Display Title
45

Disaster Mitigation and Tax Parity Act of 2025
2025-12-04T12:03:24Z
- Short Title(s) as Introduced
101

Disaster Mitigation and Tax Parity Act of 2025
2025-03-04T12:53:19Z
Introduced in Senate
IS
- Official Title as Introduced
6

A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs.
2025-03-04T12:48:25Z
Introduced in Senate
IS
- Introduced in Senate
2025-01-30T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-119s336is/xml/BILLS-119s336is.xml
2025-01-30
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.
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