H.R.1669: Earthquake Loss Reduction Act of 2001

About This Bill

Bill Summary

Earthquake Loss Reduction Act of 2001 - Amends the Internal Revenue Code to allow a nonrefundable personal credit of 50 percent of so much of the qualified seismic retrofit expenses (principal residence earthquake retrofit expenses) incurred during a taxable year that does not exceed $6,000. Provides a five-year recovery period for the depreciation of qualified seismic retrofit expenses. Authorizes the issuance of qualified seismic...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Science, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Ways and Means
Referred to House Financial Services
Referred to House Science
Referred to the Subcommittee on Research.
Referred to the Subcommittee on Housing and Community Opportunity, for a period to be subsequently determined by the Chairman.
May 1, 2001

Introduced in the House by Mike Thompson (D-Calif.)

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