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- H.R.2818
H.R.2818: Disaster Savings Accounts Act of 2017
About This Bill
- Introduced June 7, 2017
- Latest Major Action June 7, 2017
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - June 7, 2017
Bill Summary
Disaster Savings Accounts Act of 2017 This bill amends the Internal Revenue Code to: (1) establish tax-exempt disaster savings accounts to pay the expenses of homeowners for disaster mitigation and recovery expenses, (2) allow a deduction from gross income (above-the-line deduction) of up to $5,000 (adjusted annually for inflation) in a taxable year for cash contributions to such accounts, (3) exclude from gross income distributions from such...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
June 7, 2017 |
Referred to the House Committee on Ways and Means.
|
June 7, 2017 |
Introduced in the House by Dennis Ross (R-Fla.) |