H.R. 7979 · 116th Congress
Disaster Savings and Resilient Construction Act of 2020
- Stage
- In committee
- Sponsor
- Bill Pascrell
- Introduced
- 2020-08-07
- Latest action
- 2020-08-07 · Introduced in House
Summary
Disaster Savings and Resilient Construction Act of 2020
This bill allows a tax credit through 2022 for certain residential or commercial buildings owned by a taxpayer in a disaster area that are designed and constructed to meet resilient construction requirements. The bill defines resilient construction requirements as requirements with respect to buildings in a disaster area that make such buildings resistant to hazards brought on by a major disaster, reduce the duration of a disruptive event, and have the capacity to withstand a potentially disruptive event.