,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #ahdi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #e1 #bjbe,mr4    
,la,malfa 7= himself1 ,mr4 ,?ompson (   
,cali=nia1 ,mr4 ,murphy1 ,ms4 ,br[nley1 
,mr4 ,r\z]1 ,mr4 ,davis ( ,ill9ois1 ,mr4
 ,fitzg]ald1 ,ms4 ,pett]s51 ,mr4 ,higg9s
 ( ,l\isiana1 ,mr4 ,pet]s1 ,mr4 ,mull91 
,ms4 ,*u1 ,ms4 ,sewell1 & ,mr4 ,valadao7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,ways & ,means  ,a   
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide = ! exclusion f
 gross income ( am\nts receiv$ f        
,/ate-bas$ cata/rophe loss mitigation   
programs4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,disa/] ,mitigation & ,tax 
,p>ity ,act ( #bjbe4  #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 or paid = ! b5efit ( an      
individual z a qualifi$ cata/rophe      
mitigation paym5t "u a program e/abli%$ 
by-- 7,a7 a ,/ate or any political      
subdivision or public in/rum5tality     
!re(1  7,b7 a jo9t p[]s au?ority1 or    
7,c7 an entity creat$ by ,/ate law to   
ensure ! availability ( an adequate     
m>ket ( la/ resort = ess5tial prop]ty   
insurance or basic prop]ty insurance1   
ov] :i* a ,/ate ag5cy or ,/ate dep>tm5t 
( insurance has regulatory ov]sight1  = 
! 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 or    
paid = ! b5efit ( ! own] ( any prop]ty  
to make improvem5ts to su* prop]ty = !  
sole purpose ( r$uc+ ! damage t w\ld be 
done to su* prop]ty 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 ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ & qualifi$ & ins]t+ 1 qualifi$ 
cata/rophe mitigation paym5ts1 &        
qualifi$4  7#b7 ,section #aci7;i7 ( su* 
,code 7z r$esignat$ by subsection 7a77  
is am5d$ by /rik+ or qualifi$ & ins]t+ 1
 qualifi$ cata/rophe mitigation paym5t1 
or qualifi$4  7c7 ,effective date  7#a7 
,9 g5]al ,! am5dm5ts made by ?is section
 %all apply to taxable ye>s beg9n+ aft] 
,decemb] #ca1 #bjbj4  7#b7 ,retroactive 
applicability ,! ,secret>y ( !          
,treasury1 or ! ,secret>y's delegate1   
%all provide an opportunity =           
individuals to claim ! exclusion f gross
 income "u section #aci7;h7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf1 z add$ by ?is   
section1 includ+ by am5d$ return4