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Higher Reporting Threshold for Natural Disaster Expenses

New rules increase the amount companies must report for payments related to natural disaster services and repairs. Instead of $600, the threshold is now $5,000. This means less paperwork for businesses and individuals receiving payments for work related to protecting or repairing property after extreme weather events.
Key points
Increased reporting threshold for natural disaster expenses from $600 to $5,000.
The change applies to payments for both services and property repairs damaged by natural disasters or extreme weather.
Reduced bureaucracy for businesses and individuals involved in property protection or repair work after natural disasters.
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Status:
Introduced
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Additional Information
Natural Disaster Property Protection Act of 2025
Print number: HR 1093
Sponsor: Rep. Pettersen, Brittany [D-CO-7]
Process start date: 2025-02-06