S 336
Disaster Mitigation and Tax Parity Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 9:01 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Disaster Mitigation and Tax Parity Act of 2025, aims to provide tax relief to homeowners by excluding certain payments received from state programs designed to help with disaster recovery from their gross income. Specifically, it allows individuals to exclude payments made for improvements to their property intended to reduce damage from events like windstorms, earthquakes, floods, or wildfires, as long as those payments come from a qualifying state program. The bill also ensures these payments don't increase the property's tax basis.
Sponsors
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Primary sponsor
Thomas Tillis
Cosponsors
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