United States 119th Congress Status: In Committee Bipartisan · 7 D · 6 R cosponsors

S 336 — Disaster Mitigation and Tax Parity Act of 2025

Last action — Read twice and referred to the Committee on Finance.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced January 30, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 42% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 13 sponsors

    1 primary, 12 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (7 D · 6 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Disaster Mitigation and Tax Parity Act of 2025This bill excludes from gross income, for federal income tax purposes, payments received from a state catastrophe loss mitigation program by an individual for the purpose of making improvements to the individual’s property that mitigate the impact of certain disasters.Under current law, individuals may exclude from gross income, for federal income tax purposes, payments received under the Robert T. Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) for hazard mitigation. (Some exceptions apply.) Further, under current law, such payments do not increase the basis of the property for which the payments are made.The bill allows a similar exclusion from gross income for certain payments received by an individual from a program established bya state (or any political subdivision or instrumentality of the state),a joint powers authority, oran entity that was established by the state to provide essential or basic property insurance and is regulated by the state.Under the bill, such payments must be for making improvements to the individual’s property for the sole purpose of reducing damage that would be done to the property by a windstorm, earthquake, flood, or wildfire.Finally, the bill provides that such payments from a state catastrophe loss mitigation program do not increase the basis of the property for which the payments are made.

Bill Text

How this bill changes current law

3 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill excludes amounts received from state-based catastrophe loss mitigation programs from gross income under the Internal Revenue Code.

  • Section 139

    (h) State-Based Catastrophe Loss Mitigation Programs.-- (1) In general.--Gross income shall not include any amount received by or paid for the benefit of an individual as a qualified catastrophe mitigation payment under a program established by-- (A) a State or any political subdivision or public instrumentality thereof, (B) a joint powers authority, or (C) an entity created by State law to ensure the availability of an adequate market of last resort for essential property insurance or basic property insurance, over which a State agency or State department of insurance has regulatory oversight, for the purpose of making such payments. (2) Qualified catastrophe mitigation payment.--For purposes of this section, the term 'qualified catastrophe mitigation payment' means any amount (other than the amount of any qualified disaster mitigation payment) which is received by or paid for the benefit of the owner of any property to make improvements to such property for the sole purpose of reducing the damage that would be done to such property by a windstorm, earthquake, flood, or wildfire. (3) No increase in basis.--Rules similar to the rules of subsection (g)(3) shall apply in the case of this subsection.

    This new subsection establishes that amounts received from qualified state-based catastrophe loss mitigation programs are not included in gross income.

  • Section 139(d)

    and qualified → , qualified catastrophe mitigation payments, and qualified

    This change updates the language to include qualified catastrophe mitigation payments in the definition.

  • Section 139(i)

    or qualified → , qualified catastrophe mitigation payment, or qualified

    This amendment ensures consistency by including qualified catastrophe mitigation payment in the phrase.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 12 co-sponsors · 534 not signed on

Sponsors (1)

Co-sponsors (12)

Not signed on (534)

534 members have not signed on to this bill.

Show all 534 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety taxation environment
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 336 do?
Disaster Mitigation and Tax Parity Act of 2025This bill excludes from gross income, for federal income tax purposes, payments received from a state catastrophe loss mitigation program by an individual for the purpose of making improvements to the individual’s property that mitigate the impact of certain disasters.Under current law, individuals may exclude from gross income, for federal income tax purposes, payments received under the Robert T. Stafford Disaster Relief and Emergency Assistance Act or the National Flood Insurance Act (as in effect on April 15, 2005) for hazard mitigation. (Some exceptions apply.) Further, under current law, such payments do not increase the basis of the property for which the payments are made.The bill allows a similar exclusion from gross income for certain payments received by an individual from a program established bya state (or any political subdivision or instrumentality of the state),a joint powers authority, oran entity that was established by the state to provide essential or basic property insurance and is regulated by the state.Under the bill, such payments must be for making improvements to the individual’s property for the sole purpose of reducing damage that would be done to the property by a windstorm, earthquake, flood, or wildfire.Finally, the bill provides that such payments from a state catastrophe loss mitigation program do not increase the basis of the property for which the payments are made.
Who sponsors S 336?
S 336 is sponsored by Tillis, Thomas (Republican), Padilla, Alex (Democratic), Cassidy, Bill (Republican), Schiff, Adam B. (Democratic), Kennedy, John (Republican), Hickenlooper, John W. (Democratic), Budd, Ted (Republican), Klobuchar, Amy (Democratic), Wicker, Roger F. (Republican), Bennet, Michael F. (Democratic), Merkley, Jeff (Democratic), Britt, Katie Boyd (Republican), and Gallego, Ruben (Democratic).
What is the current status of S 336?
This bill is in committee in the Senate. Introduced January 30, 2025. It must pass committee before a floor vote.
Where can I track S 336?
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