Summary: H.R.5610 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.5610. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/28/2016)

Earthquake Mitigation Tax Incentive Act of 2016

This bill amends the Internal Revenue Code to exclude from gross income any amount received as a qualified earthquake mitigation payment. A qualified earthquake mitigation payment is any amount received by a residential property owner or occupant under an earthquake loss mitigation program established by a state (including an agency, instrumentality, or political subdivision of the state) or by a state with a tax-exempt organization or public instrumentality of the state.