119th Congress · introduced in the Senate · Feb 13, 2025
Flood Insurance Affordability Tax Credit Act
Official title from Congress.gov
Latest action (Feb 13, 2025): Read twice and referred to the Committee on Finance.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in Senate (Feb 13, 2025)
Flood Insurance Affordability Tax Credit Act
This bill establishes a new refundable tax credit for up to 33% of the flood insurance premiums paid (or incurred) under the National Flood Insurance Program to insure a principal residence. The bill also requires the Internal Revenue Service (IRS) to establish a program for paying the tax credit in advance.
Under the bill, the tax credit for flood insurance premiums may be reduced depending on the taxpayer’s household income in relation to the federal poverty line (FPL). The tax credit begins to phase out once a taxpayer’s household income is 350% of the FPL and is completely phased out once a taxpayer’s household income reaches 435% of the FPL. (Other limitations may apply.)
Further, the tax credit for flood premiums may not be claimed by a married taxpayer who files a separate federal income tax return or a taxpayer who may be claimed as a dependent.
Finally, the bill requires the IRS to establish a program that allows a taxpayer to receive the allowable tax credit amount for flood insurance premiums (based on tax return information for the most recent tax year available) in advance.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Read twice and referred to the Committee on Finance.
Introduced in Senate
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
21 citations.
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · amended · posted Oct 23, 2026 · issue area: Taxation/Internal Revenue Code
$1,410,000
Spent on own lobbying
…Real Property Insurance Following Certain Federally Declared Disasters H.R. 948 To Provide a Refundable Credit Against Tax for Wildfire Mitigation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corpo…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 21, 2026 · issue area: Insurance
$520,000
Spent on own lobbying
…hic insurance losses, and for other purposes. H.R.2123 - To amend the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program. S.586 - A bill to amend the Internal Revenue Code of 1986 to provide an advance refundable credit to offset certain flood insurance premiums, and for other purposes.…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$1,600,000
Spent on own lobbying
…Real Property Insurance Following Certain Federally Declared Disasters H.R. 948 To Provide a Refundable Credit Against Tax for Wildfire Mitigation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corpo…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
REINSURANCE ASSN OF AMERICA · lobbying firm or registrant: REINSURANCE ASSN OF AMERICA
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 16, 2026 · issue area: Taxation/Internal Revenue Code
$430,000
Spent on own lobbying
…gation Funding Act of 2025 H.R. 6763 - Shelter Act S. 35 - Homeowners Premium Tax Reduction Act of 2025 S. 336 - Disaster Mitigation and Tax Parity Act of 2025 S. 586 - Flood Insurance Affordability Tax Credit Act S. 1335 - Secure Family Futures Act of 2025 S. 1821 - Tackling Predatory Litigation Funding Act of 2025 S. 1940…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
REINSURANCE ASSN OF AMERICA · lobbying firm or registrant: REINSURANCE ASSN OF AMERICA
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · amended · posted Jul 23, 2026 · issue area: Taxation/Internal Revenue Code
$370,000
Spent on own lobbying
…gation Funding Act of 2025 H.R. 6763 - Shelter Act S. 35 - Homeowners Premium Tax Reduction Act of 2025 S. 336 - Disaster Mitigation and Tax Parity Act of 2025 S. 586 - Flood Insurance Affordability Tax Credit Act S. 1335 - Secure Family Futures Act of 2025 S. 1821 - Tackling Predatory Litigation Funding Act of 2025 S. 1940…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 22, 2026 · issue area: Taxation/Internal Revenue Code
$2,140,000
Spent on own lobbying
…Real Property Insurance Following Certain Federally Declared Disasters H.R. 948 To Provide a Refundable Credit Against Tax for Wildfire Mitigation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corpo…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Insurance
$540,000
Spent on own lobbying
…hic insurance losses, and for other purposes. H.R.2123 - To amend the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program. S.586 - A bill to amend the Internal Revenue Code of 1986 to provide an advance refundable credit to offset certain flood insurance premiums, and for other purposes.…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
REINSURANCE ASSN OF AMERICA · lobbying firm or registrant: REINSURANCE ASSN OF AMERICA
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$520,000
Spent on own lobbying
…gation Funding Act of 2025 H.R. 6763 - Shelter Act S. 35 - Homeowners Premium Tax Reduction Act of 2025 S. 336 - Disaster Mitigation and Tax Parity Act of 2025 S. 586 - Flood Insurance Affordability Tax Credit Act S. 1335 - Secure Family Futures Act of 2025 S. 1821 - Tackling Predatory Litigation Funding Act of 2025 S. 1940…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$1,440,000
Spent on own lobbying
…Real Property Insurance Following Certain Federally Declared Disasters H.R. 948 To Provide a Refundable Credit Against Tax for Wildfire Mitigation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corpo…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Insurance
$506,440
Spent on own lobbying
…hic insurance losses, and for other purposes. H.R.2123 - To amend the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program. S.586 - A bill to amend the Internal Revenue Code of 1986 to provide an advance refundable credit to offset certain flood insurance premiums, and for other purposes.…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$1,400,000
Spent on own lobbying
…Real Property Insurance Following Certain Federally Declared Disasters H.R. 948 To Provide a Refundable Credit Against Tax for Wildfire Mitigation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corpo…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
REINSURANCE ASSN OF AMERICA · lobbying firm or registrant: REINSURANCE ASSN OF AMERICA
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 19, 2026 · issue area: Taxation/Internal Revenue Code
$390,000
Spent on own lobbying
…gation Funding Act of 2025 H.R. 6763 - Shelter Act S. 35 - Homeowners Premium Tax Reduction Act of 2025 S. 336 - Disaster Mitigation and Tax Parity Act of 2025 S. 586 - Flood Insurance Affordability Tax Credit Act S. 1335 - Secure Family Futures Act of 2025 S. 1821 - Tackling Predatory Litigation Funding Act of 2025 S. 1940…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 16, 2026 · issue area: Insurance
$465,758
Spent on own lobbying
…hic insurance losses, and for other purposes. H.R.2123 - To amend the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program. S.586 - A bill to amend the Internal Revenue Code of 1986 to provide an advance refundable credit to offset certain flood insurance premiums, and for other purposes.…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 21, 2025 · issue area: Insurance
$442,147
Spent on own lobbying
…hic insurance losses, and for other purposes. H.R.2123 - To amend the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program. S.586 - A bill to amend the Internal Revenue Code of 1986 to provide an advance refundable credit to offset certain flood insurance premiums, and for other purposes.…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
REINSURANCE ASSN OF AMERICA · lobbying firm or registrant: REINSURANCE ASSN OF AMERICA
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 16, 2025 · issue area: Taxation/Internal Revenue Code
$440,000
Spent on own lobbying
…. 3512 - Tackling Predatory Litigation Funding Act of 2025 S. 35 - Homeowners Premium Tax Reduction Act of 2025 S. 336 - Disaster Mitigation and Tax Parity Act S. 586 - Flood Insurance Affordability Tax Credit Act S. 1335 - Secure Family Futures Act of 2025 S. 1821 - Tackling Predatory Litigation Funding Act of 2025 S. 1940…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 22, 2025 · issue area: Taxation/Internal Revenue Code
$1,740,000
Spent on own lobbying
…Real Property Insurance Following Certain Federally Declared Disasters H.R. 948 To Provide a Refundable Credit Against Tax for Wildfire Mitigation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corpo…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Insurance
$435,663
Spent on own lobbying
…hic insurance losses, and for other purposes. H.R.2123 - To amend the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program. S.586 - A bill to amend the Internal Revenue Code of 1986 to provide an advance refundable credit to offset certain flood insurance premiums, and for other purposes.…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
REINSURANCE ASSN OF AMERICA · lobbying firm or registrant: REINSURANCE ASSN OF AMERICA
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 18, 2025 · issue area: Taxation/Internal Revenue Code
$440,000
Spent on own lobbying
…x Parity Act H.R. 2547 - Secure Family Futures Act of 2025 S. 35 - Homeowners Premium Tax Reduction Act of 2025 S. 336 - Disaster Mitigation and Tax Parity Act S. 586 - Flood Insurance Affordability Tax Credit Act S. 1335 - Secure Family Futures Act of 2025 S. 1940 - READY Accounts Act Business tax legislation Natural disast…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES · lobbying firm or registrant: NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Insurance
$424,512
Spent on own lobbying
…hic insurance losses, and for other purposes. H.R.2123 - To amend the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program. S.586 - A bill to amend the Internal Revenue Code of 1986 to provide an advance refundable credit to offset certain flood insurance premiums, and for other purposes.…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION · lobbying firm or registrant: AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$1,290,000
Spent on own lobbying
…Real Property Insurance Following Certain Federally Declared Disasters H.R. 948 To Provide a Refundable Credit Against Tax for Wildfire Mitigation Expenditures S. 586 A Refundable Credit to Offset Flood Insurance Premiums H.R. 1481 To Ensure Sufficient Capital to Cover Catastrophic Insurance Losses S. 796 To Repeal the Corpo…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
REINSURANCE ASSN OF AMERICA · lobbying firm or registrant: REINSURANCE ASSN OF AMERICA
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 17, 2025 · issue area: Taxation/Internal Revenue Code
$370,000
Spent on own lobbying
…of 2025 H.R. 1849 - Disaster Mitigation and Tax Parity Act S. 35 - Homeowners Premium Tax Reduction Act of 2025 S. 336 - Disaster Mitigation and Tax Parity Act S. 586 - Flood Insurance Affordability Tax Credit Act Business tax legislation Natural disaster resilience legislation Natural disaster savings account legislation Se…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing