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H.R. 2191 - Protecting Homeowners from Disaster Act of 2021

MAR. 22, 2021

H.R. 2191; Protecting Homeowners from Disaster Act of 2021

DATED MAR. 22, 2021
DOCUMENT ATTRIBUTES
  • Authors
    Brownley, Rep. Julia
  • Institutional Authors
    U.S. House of Representatives
  • Code Sections
  • Subject Area/Tax Topics
  • Industry Groups
    Insurance
  • Jurisdictions
  • Tax Analysts Document Number
    2021-14619
  • Tax Analysts Electronic Citation
    2021 TNTF 68-21
Citations: H.R. 2191; Protecting Homeowners from Disaster Act of 2021

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.

DOCUMENT ATTRIBUTES
  • Authors
    Brownley, Rep. Julia
  • Institutional Authors
    U.S. House of Representatives
  • Code Sections
  • Subject Area/Tax Topics
  • Industry Groups
    Insurance
  • Jurisdictions
  • Tax Analysts Document Number
    2021-14619
  • Tax Analysts Electronic Citation
    2021 TNTF 68-21
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