What is the official ID of this bill?

The official print number for this legislation is S 1953.

When did the legislative process begin?

The process officially started on 2023-06-13.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/s1953/BILLS-118s1953is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

Who is the primary sponsor?

The primary sponsor is Sen. Feinstein, Dianne [D-CA].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 1953

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Tax Exemption for State Disaster Mitigation Payments to Homeowners.

Q: What are the main provisions?

Key points include: Payments received for property improvements solely aimed at reducing damage from windstorms, earthquakes, or wildfires are now excluded from gross income. The exclusion applies to funds provided by state or local government mitigation programs. Citizens can file amended returns to claim this tax exclusion retroactively for 2021 and subsequent years.

This law exempts funds received from state-based programs for protecting property against natural disasters like wildfires, earthquakes, or windstorms from federal income tax. If you receive a grant to reinforce your home, you will not have to pay taxes on that money. These changes are retroactive, applying to tax years starting after December 31, 2020, allowing citizens to claim refunds.

Key points

Payments received for property improvements solely aimed at reducing damage from windstorms, earthquakes, or wildfires are now excluded from gross income.

The exclusion applies to funds provided by state or local government mitigation programs.

Citizens can file amended returns to claim this tax exclusion retroactively for 2021 and subsequent years.

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Status:

Expired

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Additional Information

Disaster Mitigation and Tax Parity Act of 2023

Print number: S 1953

Sponsor: Sen. Feinstein, Dianne [D-CA]

Process start date: 2023-06-13

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-09-2025

Source data: api.congress.gov

AI work logs for this document launch

Tax Exemption for State Disaster Mitigation Payments to Homeowners.

Key Questions about Tax Exemption for State Disaster Mitigation Payments to Homeowners.