Summary: H.R.7979 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.7979. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (08/07/2020)

Disaster Savings and Resilient Construction Act of 2020

This bill allows a tax credit through 2022 for certain residential or commercial buildings owned by a taxpayer in a disaster area that are designed and constructed to meet resilient construction requirements. The bill defines resilient construction requirements as requirements with respect to buildings in a disaster area that make such buildings resistant to hazards brought on by a major disaster, reduce the duration of a disruptive event, and have the capacity to withstand a potentially disruptive event.