US Congress House Bill 3298 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on October 16 2013 - 25% progression, died in committee
Action: 2013-10-16 - 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 2013 - Amends the Internal Revenue Code to: (1) establish tax-exempt disaster savings accounts to pay the expenses of homeowners for equipment and materials for mitigating the effects of a natural disaster, (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, and (3) set forth tax rules for account distributions and failure to report on disaster savings accounts.

Disaster Savings Accounts Act of 2013

Rep. Dennis Ross [R-FL]

Rep. Thomas Rooney [R-FL]

Date	Chamber	Action
2013-10-16	House	Referred to the House Committee on Ways and Means.

HB3989 (Related) 2014-02-04 - Referred to the House Committee on Ways and Means.
SB1991 (Related) 2014-02-04 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3298/all-info
Text	https://www.congress.gov/113/bills/hr3298/BILLS-113hr3298ih.pdf