H.R. 5610 · 114th Congress
Earthquake Mitigation Tax Incentive Act of 2016
- Stage
- In committee
- Sponsor
- Mike Thompson
- Introduced
- 2016-06-28
- Latest action
- 2016-06-28 · Introduced in House
Summary
Earthquake Mitigation Tax Incentive Act of 2016
This bill amends the Internal Revenue Code to exclude from gross income any amount received as a qualified earthquake mitigation payment. A qualified earthquake mitigation payment is any amount received by a residential property owner or occupant under an earthquake loss mitigation program 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.