Bill · S. 336· Senate(119-S-336)
Disaster Mitigation and Tax Parity Act of 2025
- Introduced
- 1/30/2025
- Last activity
- 1/30/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Thomas Tillis
- Cosponsors
- - 5 - 7
- Introduced
- In Committee
What this bill would do
The Disaster Mitigation and Tax Parity Act of 2025 seeks to amend the Internal Revenue Code of 1986. It proposes to exclude certain amounts from gross income if they are received from State-based catastrophe loss mitigation programs. These programs can be established by a State, a political subdivision, a joint powers authority, or specific entities created by State law to ensure property insurance availability. The exclusion applies to payments used by property owners to make improvements intended to reduce damage from windstorms, earthquakes, floods, or wildfires. The changes would apply to taxable years beginning after December 31, 2021.
Yes· 3 of 8
Does this improve help for people hit by a disaster?+5
The bill provides a tax exclusion for payments used to mitigate damage from natural disasters like floods and wildfires.
Does this cut taxes for middle-income families?+5
The bill excludes payments for property damage mitigation from gross income, providing tax relief to property owners.
Does this leave more decisions to the states?+5
The bill recognizes and provides tax exclusions for programs established by States or their political subdivisions.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Tax Relief for Property Improvements: Gross income will not include payments received for the purpose of making property improvements to reduce damage from windstorms, earthquakes, floods, or wildfires (Section 2(a)(1) and Section 2(a)(2)). This means individuals can use these payments to protect their homes without being taxed on the money received.
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Retroactive Benefits: The Secretary of the Treasury is directed to provide an opportunity for individuals to claim this exclusion, which can include through an amended return (Section 2(c)(2)). This allows people to potentially recover money paid in taxes for previous years.
Potential Negative Impacts for People
- No Negative Impacts Identified: The provided text does not contain any provisions that describe negative consequences or burdens for individuals or groups of people.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Environment Energy And Infrastructure
- Improves Disaster Relief And F E M A+5Improves Environmental Protections+4
- Demographic And Interest Groups
- Good For Middle Class Households+4Good For Rural Residents+2Good For Urban Residents+2
- Economy And Finance
- Reduces Middle Class Taxes+5
- Governance And Ideology
- Increase States Rights+5
- Social Issues And Justice
- Improves Affordable Housing+3
- 12/3/2025
- 1 Cosponsor added.
- 11/19/2025
- 1 Cosponsor added.
- 1/30/2025
- Read twice and referred to the Committee on Finance.
- 10 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Michael BennetDemocrat · Colorado
Ted BuddRepublican · North Carolina
Katie BrittRepublican · Alabama
Bill CassidyRepublican · Louisiana
Ruben GallegoDemocrat · Arizona
John HickenlooperDemocrat · Colorado
Amy KlobucharDemocrat · Minnesota
John KennedyRepublican · Louisiana
Jeff MerkleyDemocrat · Oregon
Alex PadillaDemocrat · California
Adam SchiffDemocrat · California
Roger WickerRepublican · Mississippi