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Tillis, Padilla, Cassidy, Schiff Introduce Legislation to Exclude Catastrophe Mitigation Payments from Income Taxes
January 31, 2025
WASHINGTON, Jan. 31 -- Sen. Thom Tillis, R-North Carolina, issued the following news release:

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Tillis, Padilla, Cassidy, Schiff Introduce Legislation to Exclude Catastrophe Mitigation Payments from Income Taxes

WASHINGTON, D.C. - 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, . . .

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