Natural Disaster Property Protection Act of 2025

This bill raises the tax reporting threshold for certain disaster‑related payments. Normally, businesses must send a 1099 form when they pay someone $600 or more. Under this bill, if the payment is for preventing damage from natural disasters or extreme weather, or for repairing that damage to real property (like a home or building), the threshold would be $5,000 instead. This means fewer 1099 forms for smaller disaster‑related jobs. The change would apply to amounts paid after the bill becomes law.

Key points:

• Who is affected: Businesses that pay for disaster prevention or repair work, and people and companies doing that work.
• What changes: The 1099 reporting threshold for these specific payments rises from $600 to $5,000.
• What counts: Costs to reduce risk from natural disasters/extreme weather, or to fix damage to real property from those events.
• When: Applies to amounts paid or incurred after enactment.