S.1058: Earthquake Mitigation and Tax Parity Act

About This Bill

Bill Summary

Earthquake Mitigation and Tax Parity Act This bill modifies the requirements for calculating taxable income to exclude from gross income any earthquake loss mitigation received by a residential property owner or occupant under a state-based earthquake loss mitigation program. "Earthquake loss mitigation" is any property or service that reduces seismic risks to a residential structure or its contents. The term includes any payment,...

(Source: Congressional Research Service)

Bill Actions

Date Description
April 8
Read twice and referred to the Committee on Finance.
April 8

Introduced in the Senate by Kamala Harris (D-Calif.)

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