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S 1027 117th Congress Senate Taxation Income tax deductions Life, casualty, property insurance Tax administration and collection, taxpayers

Tax Assistance for Crumbling Foundations Act

Introduced: March 25, 2021 Introduced by: Blumenthal, Richard Democratic · Connecticut See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 2021
Read twice and referred to the Committee on Finance.
Mar 25, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Tax Assistance for Crumbling Foundations Act

This bill repeals the tax rule in effect through 2025 that limits the deduction for personal casualty losses to losses attributable to a federally declared disaster.

What's happening now March 25, 2021

Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • HR 2191 Related bill Protecting Homeowners from Disaster Act of 2021
  • HR 802 Identical bill Tax Assistance for Crumbling Foundations Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Markey, Edward J.
Massachusetts · Mar 25, 2021
 D
Murphy, Christopher
Connecticut · Mar 25, 2021
 D
Warren, Elizabeth
Massachusetts · Mar 25, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1027: Tax Assistance for Crumbling Foundations Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-1027/
MLA
"S. 1027: Tax Assistance for Crumbling Foundations Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1027/.
Bluebook (legal)
S. 1027, 117th Cong. (2026), https://openamerica.io/bill/117-S-1027/.
Markdown link
[S. 1027: Tax Assistance for Crumbling Foundations Act](https://openamerica.io/bill/117-S-1027/)
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