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Shelter Act

3/13/2024, 12:15 AM

Summary of Bill S 2106

Bill 118 s 2106, also known as the Shelter Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to provide funding and support for homeless shelters across the country.

The Shelter Act aims to address the growing issue of homelessness in the United States by allocating resources to shelters that provide temporary housing and support services to individuals and families in need. The bill includes provisions for increasing funding for shelters, improving the quality of services provided, and expanding access to shelter programs for those experiencing homelessness.

Additionally, the Shelter Act includes measures to address the root causes of homelessness, such as lack of affordable housing, mental health issues, and substance abuse. The bill also emphasizes the importance of collaboration between government agencies, non-profit organizations, and community groups in order to effectively address the issue of homelessness. Overall, the Shelter Act is a comprehensive piece of legislation that seeks to improve the lives of individuals experiencing homelessness by providing them with the support and resources they need to transition out of homelessness and into stable housing.

Congressional Summary of S 2106

Shelter Act

This bill allows individual and business taxpayers a new tax credit for 25% of qualified disaster mitigation expenditures. The credit is limited to $2,500 and $5,000 for individual taxpayers and business taxpayers respectively.

The bill defines qualified disaster mitigation expenditures to include expenditures to modify or improve a dwelling unit located in an area in which a federal natural disaster declaration has been made within the preceding five-year period.

Current Status of Bill S 2106

Bill S 2106 is currently in the status of Bill Introduced since June 22, 2023. Bill S 2106 was introduced during Congress 118 and was introduced to the Senate on June 22, 2023.  Bill S 2106's most recent activity was Read twice and referred to the Committee on Finance. as of June 22, 2023

Bipartisan Support of Bill S 2106

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2106

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 2106

Shelter Act
Shelter Act
A bill to amend the Internal Revenue Code of 1986 to provide a credit against tax for disaster mitigation expenditures.

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