Earthquake Mitigation Incentive and Tax Parity Act of 2017
Latest action · Nov 8, 2017 Read twice and referred to the Committee on Finance.
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.
- IntroducedNov 8, 2017
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Earthquake Mitigation Incentive and Tax Parity Act of 2017
This bill amends the Internal Revenue Code 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, reimbursement, loan, loan forgiveness, grant, credit, rebate, voucher, or other financial incentive for the property or service.
The bill applies to earthquake loss mitigation programs 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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Nov 8, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Dianne Feinstein | Original | Nov 8, 2017 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Nov 8, 2017 |
Actions 2
Everything that happened, newest first.
- Nov 8, 2017Introduced in Senate
- Nov 8, 2017Read twice and referred to the Committee on Finance.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1058 | Earthquake Mitigation and Tax Parity Act | Reintroduced Bill | Apr 8, 2019 |
| HR 1691 | Earthquake Mitigation Incentive and Tax Parity Act of 2017 | Related bill | Mar 22, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to exclude from gross income earthquake loss mitigation received under State-based earthquake loss mitigation programs.
- Short Titles as Introduced
- Earthquake Mitigation Incentive and Tax Parity Act of 2017
Subjects
Assigned by the Library of Congress. Policy area: Armed Forces and National Security.
Text 1
Each version as it was printed, newest first.
- Nov 8, 2017Introduced in Senate
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.
