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Natural Disaster Property Protection Act of 2025
To amend the Internal Revenue Code of 1986 to increase the dollar threshold applicable to information reporting with respect to payments for qualified natural disaster expenses.
Summary
This bill amends the Internal Revenue Code to increase the reporting threshold for payments related to natural disaster expenses from $600 to $5,000. The higher threshold applies to both business-related disaster mitigation and repair payments, as well as payments for services related to such work. The change affects the dollar amount at which businesses and service providers must file information reports to the IRS for natural disaster-related expenses. The amendments take effect for amounts paid or incurred after the bill's enactment.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
- Rep. LaMalfa, Doug [R-CA-1] (R-CA)
Money behind the sponsor
Top reported contributors to Brittany Pettersen’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $30,671
- COINBASE $18,000
- ANDREESSEN HOROWITZ $13,200
- APOLLO GLOBAL MANAGEMENT $13,000
- SOLANA LABS $9,900
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Brittany Pettersen → · Outside spending →
Actions (2)
- Feb 6, 2025 Referred to the House Committee on Ways and Means. · house
- Feb 6, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
February 6, 2025
Ms. Pettersen (for herself and Mr. LaMalfa) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to increase the dollar threshold applicable to information reporting with respect to payments for qualified natural disaster expenses.
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 “Natural Disaster Property Protection Act of 2025”.
SEC. 2. INCREASE IN THRESHOLD REQUIRING INFORMATION REPORTING TO RESPECT TO QUALIFIED NATURAL DISASTER EXPENSES.
(a) Returns Regarding Payment in Course of Trade or Business.— Section 6041 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
“(h) Increased Threshold for Qualified Natural Disaster Expenses.—
“(1) In general.—In the case of a payment for a qualified natural disaster expense, subsection (a) shall be applied by substituting ‘$5,000’ for ‘$600’.
“(2) Qualified natural disaster expense.—For purposes of this subsection, the term ‘qualified natural disaster expense’ means—
“(A) an expense incurred to mitigate the risk posed to real property by natural disasters or extreme weather, or
“(B) an expense incurred to repair damage done to real property by natural disasters or extreme weather.”.
(b) Returns Regarding Payments of Remuneration for Services.— Section 6041A of such Code is amended by adding at the end the following new subsection:
“(g) Increased Threshold for Qualified Natural Disaster Expenses.—In the case of a payment for a qualified natural disaster expense (as defined in section 6041(h)(2)), subsection (a)(2) shall be applied by substituting ‘$5,000’ for ‘$600’.”.
(c) Effective Date.—The amendments made by this section shall apply to amounts paid or incurred after the date of the enactment of this section. <all>
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