HR 318
118th Congress
House
Taxation
Income tax deductions
Life, casualty, property insurance
Tax administration and collection, taxpayers
Protecting Homeowners from Disaster Act of 2023
Introduced: January 12, 2023
Introduced by:
Brownley, Julia
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 12, 2023
Referred to the House Committee on Ways and Means.
Jan 12, 2023
Introduced in House
Plain-English summary
Protecting Homeowners from Disaster Act of 2023
This bill repeals the current limitation on tax deductions for personal casualty losses. Under current law, such losses are deductible in taxable years 2018-2025 only to the extent that they are attributable to a federally declared disaster.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1