H.R. 2746 · 114th Congress
SHELTER Act
- Stage
- In committee
- Sponsor
- Gus Bilirakis
- Introduced
- 2015-06-12
- Latest action
- 2015-06-12 · Introduced in House
Summary
Strengthening Homes and Eliminating Liabilities Through Encouraging Readiness Act or the SHELTER Act
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 or place of business for property 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.