arrow_back Civic Audit
Share share

Disaster Resiliency: Grants and Tax Relief for Homeowners

This act establishes a grant program for homeowners to undertake activities that reduce the risk of damage from major disasters. It also provides tax credits for such investments and excludes received funds from taxable income. The goal is to enhance home safety and insurance availability in at-risk areas.
Key points
Grant program for states and Indian tribal governments to strengthen individual homes against disasters, with income limitations for applicants.
A 30% tax credit for qualifying mitigation expenditures, such as roof reinforcement or flood protection.
Funds received from the grant program and state-based catastrophe loss mitigation programs will not be included in taxable gross income.
Agricultural assistance: certain disaster relief payments for farmers will also be excluded from taxable income.
article Official text account_balance Process page notifications_active Track this Bill
Status: Expired
Civic Will
Checking votes...
I support
I oppose
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 118_HR_7849
Sponsor: Rep. Thompson, Mike [D-CA-4]
Process start date: 2024-03-29