,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #edid  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ai1         
#bjai,mr4 ,?ompson ( ,cali=nia 7=       
himself1 ,mr4 ,calv]t1 ,ms4 ,sewell (   
,alabama1 ,mr4 ,rice ( ,s\? ,c>ol9a1    
,mr4 ,r\z]1 ,mr4 ,g>am5di1 ,ms4 ,spei]1 
,mr4 ,gomez1 ,ms4 ,judy ,*u ( ,cali=nia1
 ,mr4 ,panetta1 ,mr4 ,cook1 ,mr4 ,b]a1  
,ms4 ,sn*ez1 & ,mr4 ,aguil>7 introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to exclude f gross income am\nts  
receiv$ f ,/ate-bas$ cata/rophe loss    
mitigation programs4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,cata/rophe   
,loss ,mitigation ,inc5tive & ,tax      
,p>ity ,act ( #bjai4  #b4 ,exclusion (  
am\nts receiv$ f /ate-bas$ cata/rophe   
loss mitigation programs  7a7 ,9 g5]al  
,section #aci ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by r$esignat+         
subsection 7h7 z subsection 7i7 & by    
ins]t+ aft] subsection 7g7 ! foll[+ new 

subsection3  7h7 ,/ate-,bas$ cata/rophe 
loss mitigation programs  7#a7 ,9 g5]al 
,gross income %all n include any am\nt  
receiv$ by an individual z a qualifi$   
cata/rophe mitigation paym5t "u a       
program e/abli%$ by a ,/ate1 or a       
political subdivision or in/rum5tality  
!re(1 = ! purpose ( mak+ su* paym5ts4   
7#b7 ,qualifi$ cata/rophe mitigation    
paym5t ,= purposes ( ?is section1 ! t]m 
qualifi$ cata/rophe mitigation paym5t   
means any am\nt :i* is receiv$ by an    
individual to make improvem5ts to su*   
individual's resid5ce = ! sole purpose (
 r$uc+ ! damage t w\ld be done to su*   
resid5ce by a w9d/orm1 e>?quake1 or     
wildfire4  7#c7 ,no increase 9 basis    
,rules simil> to ! rules ( subsection   
7g77#c7 %all apply 9 ! case ( ?is       
subsection4  4  7b7 ,con=m+ am5dm5ts    
7#a7 ,section #aci7;d7 is am5d$ by /rik+
 & qualifi$ & ins]t+ 1 qualifi$         
cata/rophe mitigation paym5ts1 &        
qualifi$4  7#b7 ,section #aci7;i7 7z    
r$esignat$ by subsection 7a77 is am5d$  

by /rik+ or qualifi$ & ins]t+ 1 qualifi$
 cata/rophe mitigation paym5t1 or       
qualifi$4  7c7 ,effective date ,!       
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjai4