Introduced
S. 336
Introduced in Senate · March 4, 2025January 30, 2025
Mr. Tillis (for himself, Mr. Padilla, Mr. Cassidy, Mr. Schiff, Mr. Kennedy, Mr. Hickenlooper, Mr. Budd, Ms. Klobuchar, Mr. Wicker, Mr. Bennet, and Mr. Merkley) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Disaster Mitigation and Tax Parity Act of 2025”.