H.R. 4836 · 109th Congress
Catastrophe Savings Accounts Act of 2006
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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FeeneySponsor18 cosponsors · 4 D, 14 R
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Bilirakis
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Brown-Waite
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Davis
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Diaz-Balart
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Diaz-Balart
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Foley
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Hastings
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Harris
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Keller
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Miller
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Mack
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Ros-Lehtinen
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Wexler
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Wasserman Schultz
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Fitzpatrick
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Paul
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Poe
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Hostettler14 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Catastrophe Savings Accounts Act of 2006 - Amends the Internal Revenue Code to create tax-exempt catastrophe savings accounts (CSAs). Allows tax-free distributions from CSAs to pay expenses resulting from a presidentially declared major disaster.
What it does: CRS summary · Introduced in House · Mar 1, 2006
Catastrophe Savings Accounts Act of 2006 - Amends the Internal Revenue Code to create tax-exempt catastrophe savings accounts (CSAs). Allows tax-free distributions from CSAs to pay expenses resulting from a presidentially declared major disaster. Limits CSA balances to: (1) $2,000 (for individuals with homeowner insurance deductibles of not more than $1,000); and (2) the lesser of $15,000 or twice a homeowner's insurance deductible (for individuals with deductibles of more than $1,000).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Catastrophe Savings Accounts Act of 2006
Latest action (Mar 1, 2006): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Mar 1, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.