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- S.1583
S.1583: Storm Shelter Tax Relief Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Sept. 20, 2011
- Latest Major Action Sept. 20, 2011
Bill Sponsor
Bill Cosponsors
3 (All Republicans)
Bill Summary
Storm Shelter Tax Relief Act - Amends the Internal Revenue Code to allow a tax deduction, up to $2,500 in a taxable year, for the cost (including labor) of purchasing, constructing, and installing a qualified storm shelter. Terminates such deduction after 2012. Rescinds unobligated funds from the Community Development Fund authorized by the Department of Housing and Urban Development Appropriations Act, 2010 and the Department of Defense and...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
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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Sept. 20, 2011 |
Introduced in the Senate by James M. Inhofe (R-Okla.) |