Bill

BILL • US SENATE

S 2074

Servicemembers’ Credit Monitoring Enhancement Act

119th Congress
Introduced by Kevin Cramer, Steve Daines, Andy Kim and 1 other co-sponsors

Bill S 2074 offers a local sales tax exemption on emergency supplies, helping residents save money and encouraging preparedness for disasters and emergencies.

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Bill Summary • S 2074

Summary of Bill S 2074: Disaster Preparedness and Emergency Planning Act

Purpose and Intent

Bill S 2074 aims to enhance disaster preparedness and emergency planning at the local level. The primary focus is to provide a local sales tax exemption for emergency preparedness supplies, thereby encouraging individuals and families to stock up on essential items that can be critical during emergencies.

Key Provisions

  • Local Sales Tax Exemption: The bill proposes a temporary exemption from local sales tax for certain emergency preparedness supplies. This exemption is intended to reduce the financial burden on residents when purchasing necessary items for disaster readiness.

  • Definition of Supplies: The bill specifies which items qualify for the sales tax exemption. While the exact list is not detailed in the provided information, it typically includes items such as:

    • Non-perishable food
    • Water
    • First aid supplies
    • Flashlights and batteries
    • Emergency blankets
  • Implementation Timeline: The bill does not specify an exact timeline for implementation; however, it is expected that the exemption would be in effect during designated emergency preparedness periods, which may be defined by local governments.

Who Would Be Affected

  • Residents: The primary beneficiaries of this bill are local residents who will have the opportunity to purchase emergency supplies without the added cost of sales tax.

  • Local Governments: Local governments will need to adjust their tax codes to accommodate the sales tax exemption, which may impact their revenue streams during the exemption period.

  • Retailers: Businesses selling emergency preparedness supplies will likely see an increase in sales due to the financial incentive provided by the tax exemption.

Legislative Status

  • Introduced Date: January 15, 2025
  • Current Status: The bill has been referred to the Committee on Investigations and Government Operations for further consideration.

Related Bills

This bill is part of a broader legislative context, with several related bills from prior sessions, including:
- S 3736
- S 4773
- S 6769
- S 5230
- S 8657
- S 3338
- A 122 (companion bill)

These related bills may address similar themes of disaster preparedness and emergency management, indicating ongoing legislative interest in this area.

Conclusion

Bill S 2074 represents a proactive approach to disaster preparedness by alleviating some of the financial burdens associated with acquiring essential emergency supplies. By providing a local sales tax exemption, the bill seeks to encourage residents to be better prepared for unforeseen emergencies, ultimately aiming to enhance community resilience.

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