Senate Bill 1958
116th Congress(2019-2020)
SHELTER Act
Introduced
Introduced in Senate on Jun 25, 2019
Origin Chamber
Senate
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
1958
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 Senate votes have been held for this bill.
Summary
SHELTER Act
This bill allows a tax credit to individuals and businesses for disaster mitigation expenditures. The allowable amount of such credit is 25% of the mitigation expenditures, up to $5,000 in any taxable year.
June 25, 2019
06/25/2019
Read twice and referred to the Committee on Finance.
06/25/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:55 PM