A bill to amend the Internal Revenue Code of 1986 to establish a refundable tax credit for the installation of a storm shelter at a qualified residence.
Storm Shelter Act of 2019
This bill establishes a one-time refundable tax credit of up to $2,500 for the costs of installing a storm shelter to be used at a taxpayer's principal residence. To qualify for the credit, the residence may not be valued at more than $250,000.
Introduced in Senate
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3219)
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