H.R. 2836 · 115th Congress
SHELTER Act
- Stage
- In committee
- Sponsor
- Gus Bilirakis
- Introduced
- 2017-06-08
- Latest action
- 2017-06-20 · Referred to the Subcommittee on Human Resources.
Summary
Strengthening Homes and Eliminating Liabilities Through Encouraging Readiness Act or the SHELTER Act
This bill 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. The bill 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.