To amend the Internal Revenue Code of 1986 to exclude from gross income amounts received from State-based catastrophe loss mitigation programs.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill expands a compliance mandate, definition change provision: 2. Exclusion of amounts received from State-based catastrophe loss mitigation programs Section 139 of the Internal Revenue Code of 1986 is amended. It relies on compliance mandates and definition changes. The main policy areas are Energy.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands a compliance mandate, definition change provision: 2. Exclusion of amounts received from State-based catastrophe loss mitigation programs Section 139 of the Internal Revenue Code of 1986 is amended...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a compliance mandate, definition change provision: 2. Exclusion of amounts received from State-based catastrophe loss mitigation programs Section 139 of the Internal Revenue Code of 1986 is amended.
Key Policy Areas
Energy
Primary Purpose
The bill expands a compliance mandate, definition change provision: 2. Exclusion of amounts received from State-based catastrophe loss mitigation programs Section 139 of the Internal Revenue Code of 1986 is amended.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Tillis (for himself, Mr. Padilla, Mr. Cassidy, Mr. Schiff, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology