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Disaster Preparedness: Grants and Tax Relief for Homeowners

This new act establishes a grant program for homeowners to undertake activities that reduce the risk of damage from natural disasters. It also includes tax credits for such expenses and excludes certain disaster assistance payments from taxable income. The goal is to enhance home safety and insurance availability.
Key points
Grant program for homeowners to strengthen properties against disasters like hurricanes, floods, and fires.
Grants up to $10,000 per household, with income limits for applicants.
A 30% tax credit for eligible disaster mitigation expenditures.
Exclusion from taxable income for certain disaster relief payments, including for agricultural assistance.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1105
Sponsor: Rep. Thompson, Mike [D-CA-4]
Process start date: 2025-02-06