H.R. 2191 - Protecting Homeowners from Disaster Act of 2021
H.R. 2191; Protecting Homeowners from Disaster Act of 2021
- AuthorsBrownley, Rep. Julia
- Institutional AuthorsU.S. House of Representatives
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsInsurance
- Jurisdictions
- Tax Analysts Document Number2021-14619
- Tax Analysts Electronic Citation2021 TNTF 68-21
117TH CONGRESS
1ST SESSION
H.R. 2191
To amend the Internal Revenue Code of 1986
to repeal the limitation on deductions for personal
casualty losses.
IN THE HOUSE OF REPRESENTATIVES
MARCH 26, 2021
Ms. BROWNLEY introduced the following bill;
which was referred to the Committee on _____
A BILL
To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the "Protecting Homeowners from Disaster Act of 2021".
SEC. 2. REPEAL OF LIMITATION ON DEDUCTION FOR PERSONAL CASUALTY LOSSES.
(a) IN GENERAL. — Section 165(h) of the Internal Revenue Code of 1986 is amended by striking paragraph (5).
(b) EFFECTIVE DATE. — The amendment made by this section shall apply to losses sustained in taxable years beginning after December 31, 2020.
- AuthorsBrownley, Rep. Julia
- Institutional AuthorsU.S. House of Representatives
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsInsurance
- Jurisdictions
- Tax Analysts Document Number2021-14619
- Tax Analysts Electronic Citation2021 TNTF 68-21