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Bill would make it easier for homeowners to afford upgrades to protect from storm damage
A new bipartisan bill introduced in Congress aims to remove federal taxes on disaster mitigation grants, a move that could make stormproofing homes more affordable for North Carolinians. The Disaster Mitigation and Tax Parity Act, co-sponsored by Rep. Greg Murphy, R-N.C., and Rep. Doug LaMalfa, R-Calif., would exclude catastrophe mitigation payments from taxable income, ensuring that homeowners who receive grants to strengthen their homes against hurricanes, floods and wildfires don’t face a tax burden. “Catastrophe…
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