HR 7979
Disaster Savings and Resilient Construction Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Disaster Savings and Resilient Construction Act of 2020 creates a tax credit for homeowners and business owners who build or renovate properties in disaster areas to meet specific resilience standards. These standards require buildings to withstand hazards, reduce disruption, and have the ability to recover from disasters. The credit is available for qualified commercial and residential properties, with the amount of the credit based on the building's cost and location, and is subject to certain requirements regarding design and construction codes.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Bill, Jr. Pascrell
Cosponsors
Eleanor Holmes [D-DC-At Large] Norton
Peter A. DeFazio
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