House Bill 2053
116th Congress(2019-2020)
Earthquake Mitigation Incentive and Tax Parity Act of 2019
Introduced
Introduced in House on Apr 3, 2019
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
2053
Congress
116
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 2019
This bill modifies the requirements for calculating taxable income 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.
April 3, 2019
04/03/2019
Referred to the House Committee on Ways and Means.
04/03/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 7:02:21 PM