legislation: 115-hr-6841

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
115-hr-6841 115 hr 6841 Disaster Savings and Resilient Construction Act of 2018 Taxation 2018-09-17 2018-09-17 Referred to the House Committee on Ways and Means. House Rep. Reed, Tom [R-NY-23] NY R R000585 0 Disaster Savings and Resilient Construction Act of 2018 This bill amends the Internal Revenue Code to allow a business-related tax credit for a specified portion of the cost of commercial and residential buildings that comply with resilient construction requirements in a federally-declared major disaster area. The bill defines "resilient construction requirements" as requirements that such buildings are designed and constructed to: (1) resist hazards brought on by a major disaster; (2) continue to provide their primary functions after a major disaster; (3) reduce the magnitude or duration of a disruptive event; and (4) have the absorptive capacity, adaptive capacity, and recoverability to withstand a potentially disruptive event. The credit does not apply to property for which a certificate of occupancy is issued after December 31, 2022. 2023-01-11T13:41:31Z  

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