Disaster Savings and Resilient Construction Act of 2015
Latest action · Jul 29, 2015 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 29, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Disaster Savings and Resilient Construction Act of 2015
Amends the Internal Revenue Code to allow a business-related tax credit for a specified portion of the cost of commercial and residential buildings that comply with resilient construction requirements in a federally-declared major disaster area. Defines "resilient construction requirements" as requirements that such buildings are designed and constructed to: (1) resist hazards brought on by a major disaster; (2) continue to provide their primary functions after a major disaster; (3) reduce the magnitude or duration of a disruptive event; and (4) have the absorptive capacity, adaptive capacity, and recoverability to withstand a potentially disruptive event.
Terminates such credit for any any property for which a certificate of occupancy is issued after December 31, 2019.
Cosponsors 25
Members who signed on, in the order they did. Signatures ran from Jul 29, 2015 to Nov 16, 2016; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NJ | Bill Pascrell, Jr. | Original | Jul 29, 2015 |
| R-FL | Mario Diaz-Balart | Original | Jul 29, 2015 |
| D-OR | Peter A. DeFazio | Original | Jul 29, 2015 |
| D-CT | Elizabeth H. Esty | Nov 2, 2015 | |
| R-KY | Andy Barr | Nov 17, 2015 | |
| R-MI | Bill Huizenga | Nov 17, 2015 | |
| R-KY | Brett Guthrie | Nov 17, 2015 | |
| R-MO | Blaine Luetkemeyer | May 24, 2016 | |
| D-PA | Matt Cartwright | May 24, 2016 | |
| R-TX | Kenny Marchant | Jun 7, 2016 | |
| R-KS | Kevin Yoder | Sep 6, 2016 | |
| D-CT | Rosa L. DeLauro | Sep 6, 2016 | |
| D-NY | Kathleen M. Rice | Sep 7, 2016 | |
| R-NM | Stevan Pearce | Sep 7, 2016 | |
| R-TX | Michael T. McCaul | Sep 15, 2016 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jul 29, 2015 |
Actions 2
Everything that happened, newest first.
- Jul 29, 2015Introduced in House
- Jul 29, 2015Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 121, July 29, 2015, page H5774.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 6841 | Disaster Savings and Resilient Construction Act of 2018 | Reintroduced Bill | Sep 17, 2018 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to provide a credit for owning certain disaster resilient property.
- Short Titles as Introduced
- Disaster Savings and Resilient Construction Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 29, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
