US S. 336

Senate companion to H.R. 1849. Excludes from federal gross income payments received from state catastrophe loss mitigation programs when used to harden a property against windstorm, earthquake, flood, or wildfire. Closes a gap where state mitigation grants were taxed as income. Bipartisan.

Status

Introduced

Topic

Disaster Mitigation and Tax Parity Act of 2025 (Senate)

Session

119th Congress