Bills · S 1323
IN COMMITTEE· 119TH CONGRESS
Senate BillS 1323Taxation
The Facilitating Increased Resilience, Environmental Weatherization And Lowered Liability (FIREWALL) Act
INTRO APR 8· LAST ACTION APR 8
READING
9MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it directly tackles the growing problem of natural disaster damage in the U.S. By offering a substantial tax credit, it encourages homeowners to proactively invest in making their homes more resilient before a disaster strikes. This can lead to less damage when extreme weather or other hazards occur, saving families from financial ruin and reducing the burden on federal disaster relief programs.
If this bill becomes law, more homes could be better prepared for future disasters, potentially lowering insurance costs for homeowners and reducing the overall economic impact of events like floods or wildfires. If it doesn't pass, homeowners will continue to bear the full cost of these preventive measures, which might deter many from making necessary improvements, leaving them more vulnerable to the increasing frequency and intensity of natural disasters.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes a new refundable tax credit for individuals who make disaster mitigation expenditures on their qualified dwelling units.
This incentivizes homeowners to invest in protecting their properties from natural disasters, reducing future damage and recovery costs.
PROVISION 02
The credit covers 50 percent of qualified expenditures, with a maximum cumulative credit of $25,000 per taxpayer.
It provides significant financial assistance for mitigation projects while setting a clear limit on the total government subsidy per household.
PROVISION 03
Includes a phaseout for individuals with an Adjusted Gross Income (AGI) above $200,000, eliminating the credit for those with an AGI of $300,000 or more.
This provision targets the credit towards middle-income and lower-income homeowners, ensuring that those who might need the financial help most are prioritized.
PROVISION 04
Defines a broad range of "qualified disaster mitigation expenditures," including improvements for roof strength, flood protection, wildfire resistance, seismic bracing, and storm shelters.
This comprehensive list covers various types of natural disaster risks, allowing homeowners across different regions to utilize the credit for relevant protections.
PROVISION 05
The dollar amounts for the maximum credit and phaseout thresholds will be adjusted annually for inflation starting in 2026.
This ensures the credit's value and accessibility remain relevant over time, adapting to changes in the cost of living and construction.
SPONSORSHIP
1 + 1
D· California
YRS IN OFFICE
25
BILLS LED
97
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 1 IND 0
ACTION TIMELINE
2 EVENTSAPR 8
Introduced in Senate
APR 8
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 1323
Congress119th
StatusIn Committee
IntroducedApr 8, 2025
Last actionApr 8, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED APR 8, 2025
Senate BillS 1323Taxation
The Facilitating Increased Resilience, Environmental Weatherization And Lowered Liability (FIREWALL) Act
INTRODUCED APR 8, 2025· LAST ACTION APR 8, 2025
PASSAGE CHANCES
—%
READING
9 min
COSPONSORS
1
COMPLEXITY
Moderate
