Summary: H.R.1691 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.1691. Bill summaries are authored by CRS.

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Introduced in House (03/22/2017)

Earthquake Mitigation Incentive and Tax Parity Act of 2017

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.