S. 1323 proposes a change to the Internal Revenue Code of 1986, introducing a refundable tax credit for individuals who make expenditures aimed at mitigating disaster impacts on their homes. This bill allows for a credit of up to 50% on eligible expenditures, such as...
Simple Explanation
S. 1323 is a plan where people can get some money back when they spend on making their homes safer from things like big storms or wildfires, but they can't use it for things paid for by the government, and there are special rules they need to follow to get this help.