S. 930 · 110th Congress
Hurricane and Tornado Mitigation Investment Act of 2007
- Stage
- In committee
- Sponsor
- Mel Martinez
- Introduced
- 2007-03-20
- Latest action
- 2007-03-20 · Introduced in Senate
Summary
Hurricane and Tornado Mitigation Investment Act of 2007 - Amends the Internal Revenue Code to allow individual and business taxpayers a tax credit for 25% of their qualified hurricane and tornado mitigation property expenditures up to $5,000 for any taxable year. Defines such expenditures as expenditures in a dwelling unit to improve the strength of a roof deck attachment, create a secondary water barrier, improve the durability of a roof covering, brace gable-end walls, reinforce the connections between a roof and supporting wall, protect against windborne debris, or protect exterior doors and garages.