The Facilitating Increased Resilience, Environmental Weatherization And Lowered Liability (FIREWALL) Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1323 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1323 To amend the Internal Revenue Code of 1986 to provide a refundable credit against tax for disaster mitigation expenditures. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 8, 2025 Mr. Schiff (for himself and Mr. Sheehy) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide a refundable credit against tax for disaster mitigation expenditures. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``The Facilitating Increased Resilience, Environmental Weatherization And Lowered Liability (FIREWALL) Act''. SEC. 2. REFUNDABLE PERSONAL CREDIT FOR DISASTER MITIGATION EXPENDITURES. (a) In General.--Subpart C of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (r…