# 115-hr-5543: Flood Insurance Tax Credit Act of 2018

115-hr-5543, Flood Insurance Tax Credit Act of 2018, is a 115th Congress bill sponsored by Rep. Velázquez, Nydia M. [D-NY-7] (D-NY); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-5543
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-5543
- Congress: 115
- Title: Flood Insurance Tax Credit Act of 2018
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2018-04-17
- Sponsor: Rep. Velázquez, Nydia M. [D-NY-7] (D-NY)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Flood Insurance Tax Credit Act of 2018 This bill amends the Internal Revenue Code to allow a tax credit for flood insurance expenses. The credit applies to portions of a taxpayer's expenses for federal flood insurance, private flood insurance, and federal contents coverage flood insurance for a principal residence. The amount of the credit is subject to limitations based on the taxpayer's income and must be adjusted for inflation after 2019.

## Related bills

- 115-hr-7382: Fannie Mae and Freddie Mac Lobbying Regulation Act of 2018
- 115-hr-7355: PRRADA
- 115-hr-7354: Small Business Lending Fairness Act
- 115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ayrault Road in Fairport, New York, as the "Louise and Bob Slaughter Post Office".
- 115-hr-7240: To designate the Manhattan Campus of the New York Harbor Health Care System of the Department of Veterans Affairs as the "Margaret Cochran Corbin Campus of the…
- 115-hr-7228: Reproductive Rights are Human Rights Act of 2018

## Sources
- [115-hr-5543 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/5543)

## Related
- [115-hr-7382: Fannie Mae and Freddie Mac Lobbying Regulation Act of 2018](https://policyrisk.com/legislation/115-hr-7382)
- [115-hr-7355: PRRADA](https://policyrisk.com/legislation/115-hr-7355)
- [115-hr-7354: Small Business Lending Fairness Act](https://policyrisk.com/legislation/115-hr-7354)
- [115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ay…](https://policyrisk.com/legislation/115-hr-7293)
- [115-hr-7240: To designate the Manhattan Campus of the New York Harbor Health Care System of…](https://policyrisk.com/legislation/115-hr-7240)
- [115-hr-7228: Reproductive Rights are Human Rights Act of 2018](https://policyrisk.com/legislation/115-hr-7228)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-5543 (as of 2025-11-18).