H.R. 5839 (112th): Disaster Savings and Resilient Construction Act of 2012

Introduced:
May 18, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Geoff Davis [R-KY4]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on May 18, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced May 18, 2012
Referred to Committee May 18, 2012
Cosponsors
9 cosponsors (5R, 4D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to provide a business tax credit for resilient construction.

Summary

No summaries available.

Text

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Last updated May 18, 2012.
9 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/18/2012--Introduced.
Disaster Savings and Resilient Construction Act of 2012 - Amends the Internal Revenue Code to allow a business-related tax credit for the cost of constructing commercial and residential buildings that comply with resilient construction requirements in a federally-declared major disaster area.
Defines "resilient construction requirements" as requirements that ensure that such buildings:
(1) can resist hazards brought on by a major disaster and can continue to provide their primary functions after a major disaster,
(2) can reduce the magnitude or duration of a disruptive event, and
(3) have the absorptive capacity, adaptive capacity, and recoverability to withstand a potentially disruptive event.
Terminates such credit for any any property for which a certificate of occupancy is issued after December 31, 2015.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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