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Tillis, Padilla, Cassidy, Schiff Introduce Legislation to Exclude Catastrophe Mitigation Payments from Income Taxes
Tom Tillis, U.S. Senator for North Carolina Press Release
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, legislation that excludes from gross income, for income tax purposes, any qualified catastrophe mitigation payment made under a state-based catastrophe loss mitigation program.