II 

112TH CONGRESS 

1ST SESSION S. 1583 

To amend the Internal Revenue Code of 1986 to provide a tax deduction 

for the purchase, construction, and installation of a safe room or storm 

shelter, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 20, 2011 

Mr. INHOFE (for himself, Mr. BLUNT, and Mr. CHAMBLISS) introduced the 

following bill; which was read twice and referred to the Committee on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to provide 

a tax deduction for the purchase, construction, and installation of a safe room or storm shelter, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Storm Shelter Tax Re5 lief Act’’. 

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•S 1583 IS

1 SEC. 2. DEDUCTION FOR PURCHASE, CONSTRUCTION, AND 

2 INSTALLATION OF A SAFE ROOM OR STORM 

3 SHELTER. 

4 (a) IN GENERAL.—Part VII of subchapter B of chap5 ter 1 of the Internal Revenue Code of 1986 is amended— 

6 (1) by redesignating section 224 as section 225, 

7 and 

8 (2) by inserting after section 223 the following 

9 new section: 

10 ‘‘SEC. 224. SAFE ROOM OR STORM SHELTER PURCHASE, 

11 CONSTRUCTION, AND INSTALLATION EX12 PENSES. 

13 ‘‘(a) ALLOWANCE OF DEDUCTION.— 

14 ‘‘(1) IN GENERAL.—In the case of an indi15 vidual, there shall be allowed as a deduction for the 

16 taxable year an amount equal to the qualified storm 

17 shelter expenses paid by the taxpayer during the 

18 taxable year. 

19 ‘‘(2) MAXIMUM DOLLAR AMOUNT PER SHEL20 TER.—The deduction allowed by paragraph (1) with 

21 respect to each qualified storm shelter shall not ex22 ceed $2,500. 

23 ‘‘(b) DEFINITIONS.—For purposes of this section— 

24 ‘‘(1) QUALIFIED STORM SHELTER EXPENSES.— 

25 The term ‘qualified storm shelter expenses’ means 

26 expenses (including labor) for the purchase, conmstockstill on DSK4VPTVN1PROD with BILLS

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•S 1583 IS

1 struction, and installation of a qualified storm shel2 ter. 

3 ‘‘(2) QUALIFIED STORM SHELTER.—The term 

4 ‘qualified storm shelter’ means a storm shelter or 

5 safe room— 

6 ‘‘(A) the design of which is capable of 

7 withstanding an EF5 tornado, and 

8 ‘‘(B) which is first placed in service by the 

9 taxpayer as an attachment to a dwelling— 

10 ‘‘(i) which was placed in service prior 

11 to the placed in service date of such storm 

12 shelter or safe room, 

13 ‘‘(ii) which serves as the principal res14 idence (within the meaning of section 121) 

15 of the taxpayer, and 

16 ‘‘(iii) with respect to which no other 

17 qualified storm shelter is attached. 

18 ‘‘(c) SPECIAL RULES.— 

19 ‘‘(1) DENIAL OF DOUBLE BENEFIT.—No deduc20 tion shall be allowed under subsection (a) for any ex21 pense for which a deduction or credit is allowed to 

22 the taxpayer under any other provision of this chap23 ter. 

24 ‘‘(2) BASIS REDUCTION.—For purposes of this 

25 title, the basis of any property shall be reduced by 

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•S 1583 IS

1 the portion of the cost of such property taken into 

2 account under subsection (a). 

3 ‘‘(d) TERMINATION.—This section shall not apply to 

4 taxable years beginning after December 31, 2012.’’. 

5 (b) CONFORMING AMENDMENT.—Section 1016(a) of 

6 the Internal Revenue Code of 1986 is amended by striking 

7 ‘‘and’’ at the end of paragraph (36), by striking the period 

8 at the end of paragraph (37) and inserting ‘‘, and’’, and 

9 by adding at the end the following new paragraph: 

10 ‘‘(38) to the extent provided in section 

11 224(c)(2).’’. 

12 (c) CLERICAL AMENDMENT.—The table of sections 

13 for part VII of subchapter B of chapter 1 of the Internal 

14 Revenue Code of 1986 is amended by striking the item 

15 relating to section 224 and inserting the following new 

16 items: 

‘‘224. Safe room or storm shelter purchase, construction, and installation expenses. 

‘‘225. Cross reference.’’. 

17 (d) EFFECTIVE DATE.—The amendments made by 

18 this section shall apply to amounts paid or incurred after 

19 the date of the enactment of this Act. 

20 SEC. 3. COMMUNITY DEVELOPMENT FUND. 

21 Of amounts made available under the heading ‘‘COM22 MUNITY DEVELOPMENT FUND’’ under the heading ‘‘COM23 MUNITY PLANNING AND DEVELOPMENT’’ under the head24 ing ‘‘DEPARTMENT OF HOUSING AND URBAN DEmstockstill on DSK4VPTVN1PROD with BILLS

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1 VELOPMENT’’ under title II of the Department of 

2 Housing and Urban Development Appropriations Act, 

3 2010 (Public Law 111–117; 123 Stat. 3083) and under 

4 section 2240 of the Department of Defense and Full-Year 

5 Continuing Appropriations Act, 2011 (Public Law 112– 

6 10; 125 Stat. 195) and not otherwise obligated, 

7 $60,000,000 are rescinded. 

Æ 

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