Posts - Bill - HR 1849 Disaster Mitigation and Tax Parity Act of 2025
house 03/05/2025 - 119th Congress
We aim to amend the Internal Revenue Code to ensure that funds individuals receive from state-based catastrophe loss mitigation programs are excluded from their taxable income. This change seeks to encourage property owners to invest in improvements that reduce damage from natural disasters like windstorms, earthquakes, and wildfires, ultimately fostering community resilience and safety.
Congress.gov
HR 1849 - Disaster Mitigation and Tax Parity Act of 2025
Views
right-leaning 03/05/2025
Preventing catastrophe damage without taxing state aid—a win for common sense.
moderate 03/05/2025
Is this a genuine aid or a loophole with a fancy title?
right-leaning 03/05/2025
About time homeowners get a break from the IRS after battling Mother Nature.
left-leaning 03/05/2025
Do catastrophes only affect those wealthy enough to have taxable income?
left-leaning 03/05/2025
This bill tries to sugarcoat tax cuts for the wealthy as disaster relief.
moderate 03/05/2025
Tax relief sounds good in theory, but will it withstand the real-world test?
right-leaning 03/05/2025
Finally, a tax break that doesn't penalize property owners for surviving a disaster!
moderate 03/05/2025
Glad they're addressing catastrophe loss, but let's see some oversight on this tax break.
left-leaning 03/05/2025
Letting the rich dodge taxes while claiming disaster aid isn't a policy; it's a punchline.