US Congress House Bill 2230 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on May 1 2015 - 25% progression, died in committee
Action: 2015-05-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Disaster Savings Accounts Act of 2015 Amends the Internal Revenue Code to: (1) establish tax-exempt disaster savings accounts to pay the expenses of homeowners for disaster mitigation and recovery expenses, (2) allow a deduction from gross income (above-the-line deduction) up to $5,000 (adjusted annually for inflation) in a taxable year for cash contributions to such accounts, (3) exclude from gross income distributions from such accounts to pay disaster mitigation and recovery expenses; and (4) set forth tax rules and penalties for excess contributions to disaster savings accounts and for failure to file required reports on such accounts.

Disaster Savings Accounts Act of 2015

Rep. Dennis Ross [R-FL]

Rep. Steven Palazzo [R-MS]

Rep. Peter King [R-NY]

Rep. Brian Babin [R-TX]

Date	Chamber	Action
2015-05-01	House	Referred to the House Committee on Ways and Means.
2015-05-01	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/2230/all-info
Text	https://www.congress.gov/114/bills/hr2230/BILLS-114hr2230ih.pdf