Tillis, Padilla, Cassidy, Schiff Introduce Legislation to Exclude Catastrophe Mi...
Catastrophe Mitigation Payments from Income Taxes WASHINGTON D C Senators Thom Tillis R NC Alex Padilla D CA Bill Cassidy R LA and Adam Schiff D CA introduced the Disaster Mitigation and Tax Parity Act of 2025...commonsense legislation takes a critical step toward empowering individuals and communities to better protect themselves from the devastating effects of natural disasters like Hurricane Helene said Senator Tillis...frequent and more extreme due to the climate crisis we should incentivize not penalize taxpayers for protecting their homes That s why the Disaster Mitigation and Tax Parity Act would provide a tax exemption...