Congressional Legislation · bill 119hr1093 · built from our database

Both sides have signed this (Bill Ranking)

Natural Disaster Property Protection Act of 2025

H.R. 1093 · 119th Congress (2025-2026)

H.R. 1093119TH CONGRESSINTRODUCED 02/06/2025REP. PETTERSEND-CO · SPONSORLeft: no (Sponsor Ranking)Lean left: DW-NOMINATE -0.37 (Sponsor Ranking)Center: no (Sponsor Ranking)Lean right: no (Sponsor Ranking)Right: no (Sponsor Ranking)LEAN LEFT(SPONSOR RANKING)TAXATION

2 members · Left 1 · Center 0 · Right 1 (Bill Ranking)

SponsorRep. Pettersen, Brittany (D-CO) (Introduced 02/06/2025)
Sponsor Voting RecordLean left · DW-NOMINATE -0.37 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking)
Support
LLLCLRR

support across the spectrum: 2 members signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once

CommitteesHouse - Ways and Means Committee
Latest Action02/06/2025 Referred to the House Committee on Ways and Means.
Roll Call VotesThere have been no roll call votes
Sourceview on congress.gov →
IntroducedPassed HousePassed SenateResolving DifferencesTo PresidentBecame Law

Summary (1)

Introduced in House (02/06/2025)

Natural Disaster Property Protection Act of 2025

This bill increases to $5,000 (from $600) the dollar threshold at which a person engaged in a trade or business is required to file an information return (for federal tax purposes) reporting certain payments related to a natural disaster or extreme weather.

Under current law, a person engaged in a trade or business (including a corporation, company, partnership, association, individual, estate, and trust) is required to file an information return for certain payments made during the tax year to another person (but generally not to a corporation) if such payments total (in the aggregate) $600 or more (information reporting threshold). Such payments are reported on the IRS Form 1099 series. Specifically, payments made to nonemployees in exchange for services are reported on IRS Form 1099-NEC (nonemployee compensation). (Some exceptions apply.)

Under the bill, the information reporting threshold increases to $5,000 for (1) expenses incurred to mitigate the risk of damage to real property that may result from a natural disaster or extreme weather, and (2) expenses incurred to repair damage to real property caused by a natural disaster or extreme weather.

Text (1)

Introduced in House (IH)

119 HR 1093 IH: Natural Disaster Property Protection Act of 2025 U.S. House of Representatives 2025-02-06 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS1st SessionH. R. 1093IN THE HOUSE OF REPRESENTATIVESFebruary 6, 2025Ms. Pettersen (for herself and Mr. LaMalfa) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo 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.1.Short titleThis Act may be cited as the Natural Disaster Property Protection Act of 2025.

2.Increase in threshold requiring information reporting to respect to qualified natural disaster expenses(a)Returns regarding payment in course of trade or businessSection 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 generalIn 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 expenseFor 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 servicesSection 6041A of such Code is amended by adding at the end the following new subsection:(g)Increased threshold for qualified natural disaster expensesIn 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 dateThe amendments made by this section shall apply to amounts paid or incurred after the date of the enactment of this section.

The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.

All Actions (3)

DateChamberAll Actions
02/06/2025Library of CongressIntroduced in House
02/06/2025Library of CongressIntroduced in House
02/06/2025House floor actionsReferred to the House Committee on Ways and Means.

Titles (3)

Title TypeTitle
Display TitleNatural Disaster Property Protection Act of 2025
Short Title(s) as IntroducedNatural Disaster Property Protection Act of 2025
Official Title as IntroducedTo 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.

Amendments (0)

There are no amendments to this bill.

Cosponsors (1)

* = Original cosponsor

Committees (1)

CommitteeActivity
House - Ways and Means Committee02/06/2025 Referred To

Related Bills (0)

No related bill information was received for H.R. 1093.

Subjects (0)

Policy Area: Taxation

No legislative subjects have been assigned yet.

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