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- S.424
S.424: Earthquake Loss Reduction Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about congress
- Introduced March 1, 2001
- Latest Major Action March 1, 2001
Bill Sponsor
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 |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| March 1, 2001 |
Introduced in the Senate by Dianne Feinstein (D-Calif.) |