HR 1545
118th Congress
House
Taxation
Restoring Competitive Property Insurance Availability Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2023
Referred to the House Committee on Ways and Means.
Mar 10, 2023
Introduced in House
Plain-English summary
Restoring Competitive Property Insurance Availability Act
This bill excludes from the gross income of specified insurance companies (other than life insurance companies) certain income from providing qualified real property insurance after a federally declared disaster. The bill defines qualified real property insurance income to mean the excess of premiums received by such insurance companies for real property insurance for property located in the disaster area, over deductions properly allocable to such premiums.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1