I
119THCONGRESS
1
STSESSION H. R. 1093
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.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY6, 2025
Ms. P
ETTERSEN(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 Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Natural Disaster Prop-4
erty Protection Act of 2025’’. 5
VerDate Sep 11 2014 21:44 Mar 05, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1093.IH H1093
ssavage on LAPJG3WLY3PROD with BILLS 2
•HR 1093 IH
SEC. 2. INCREASE IN THRESHOLD REQUIRING INFORMA-1
TION REPORTING TO RESPECT TO QUALI-2
FIED NATURAL DISASTER EXPENSES. 3
(a) R
ETURNSREGARDINGPAYMENT INCOURSE OF 4
T
RADE ORBUSINESS.—Section 6041 of the Internal Rev-5
enue Code of 1986 is amended by adding at the end the 6
following new subsection: 7
‘‘(h) I
NCREASEDTHRESHOLD FOR QUALIFIEDNAT-8
URALDISASTEREXPENSES.— 9
‘‘(1) I
N GENERAL.—In the case of a payment 10
for a qualified natural disaster expense, subsection 11
(a) shall be applied by substituting ‘$5,000’ for 12
‘$600’. 13
‘‘(2) Q
UALIFIED NATURAL DISASTER EX -14
PENSE.—For purposes of this subsection, the term 15
‘qualified natural disaster expense’ means— 16
‘‘(A) an expense incurred to mitigate the 17
risk posed to real property by natural disasters 18
or extreme weather, or 19
‘‘(B) an expense incurred to repair damage 20
done to real property by natural disasters or ex-21
treme weather.’’. 22
(b) R
ETURNSREGARDINGPAYMENTS OF REMU-23
NERATION FORSERVICES.—Section 6041A of such Code 24
is amended by adding at the end the following new sub-25
section: 26
VerDate Sep 11 2014 21:44 Mar 05, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1093.IH H1093
ssavage on LAPJG3WLY3PROD with BILLS 3
•HR 1093 IH
‘‘(g) INCREASEDTHRESHOLD FOR QUALIFIEDNAT-1
URALDISASTEREXPENSES.—In the case of a payment 2
for a qualified natural disaster expense (as defined in sec-3
tion 6041(h)(2)), subsection (a)(2) shall be applied by 4
substituting ‘$5,000’ for ‘$600’.’’. 5
(c) E
FFECTIVEDATE.—The amendments made by 6
this section shall apply to amounts paid or incurred after 7
the date of the enactment of this section. 8
Æ
VerDate Sep 11 2014 21:44 Mar 05, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H1093.IH H1093
ssavage on LAPJG3WLY3PROD with BILLS