H.R.5494: Catastrophe Loss Mitigation Incentive and Tax Parity Act of 2019

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Bill Summary

Catastrophe Loss Mitigation Incentive and Tax Parity Act of 2019 This bill excludes from gross income, for income tax purposes, any qualified catastrophe mitigation payment made under a state-based catastrophe loss mitigation program. A qualified catastrophe mitigation payment means any amount received for making improvements to an individual's residence for the sole purpose of reducing the damage that would be done to such residence by a...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.5494.

Bill Actions

Date Description
Dec. 19, 2019
Referred to the House Committee on Ways and Means.
Dec. 19, 2019

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

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