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
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
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1