Introduced
S. 586
Introduced in Senate · March 13, 2025February 13, 2025
Mr. Cassidy (for himself and Mr. Booker) 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 provide an advance refundable credit to offset certain flood insurance premiums, and for other purposes.
Refundable credit for certain flood insurance coverage
Advance payment of credit for certain flood insurance coverage
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 “Flood Insurance Affordability Tax Credit Act”.