H.R. 2241 · 113th Congress
Disaster Savings and Resilient Construction Act of 2013
- Stage
- In committee
- Sponsor
- Mario Diaz-Balart
- Introduced
- 2013-06-04
- Latest action
- 2013-06-04 · Introduced in House
Summary
Disaster Savings and Resilient Construction Act of 2013 - 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, 2017.