H.R. 4305 · 118th Congress
Shelter Act
- Stage
- In committee
- Sponsor
- Maria Salazar
- Introduced
- 2023-06-22
- Latest action
- 2023-06-22 · Introduced in House
Summary
Shelter Act
This bill allows individual and business taxpayers a new tax credit for 25% of qualified disaster mitigation expenditures. The credit is limited to $2,500 and $5,000 for individual taxpayers and business taxpayers respectively.
The bill defines qualified disaster mitigation expenditures to include expenditures to modify or improve a dwelling unit located in an area in which a federal natural disaster declaration has been made within the preceding five-year period.