House Bill 1691
115th Congress(2017-2018)
Earthquake Mitigation Incentive and Tax Parity Act of 2017
Introduced
Introduced in House on Mar 22, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1691
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Earthquake Mitigation Incentive and Tax Parity Act of 2017
This bill amends the Internal Revenue Code to exclude from gross income any amount received as a qualified earthquake mitigation payment. A qualified earthquake mitigation payment is any amount received by a residential property owner or occupant under an earthquake loss mitigation program established by a state (including an agency, instrumentality, or political subdivision of the state) or by a state with a tax-exempt organization or public instrumentality of the state.
March 22, 2017
03/22/2017
Referred to the House Committee on Ways and Means.
03/22/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:35:32 PM