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S. 35 119th Congress Senate

Homeowners Premium Tax Reduction Act of 2025

Official title: A bill to amend the Internal Revenue Code of 1986 to create an above the line deduction for certain homeowners insurance premiums.

Introduced: January 8, 2025 Introduced by: Rick Scott Republican · Florida See on congress.gov
Taxation Income tax deductionsLife, casualty, property insurance
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 8, 2025
Read twice and referred to the Committee on Finance.
Jan 8, 2025
Introduced in Senate
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What's happening now January 8, 2025

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Homeowners Premium Tax Reduction Act of 2025 

This bill establishes a new deduction of up to $10,000 claimed against gross income (above-the-line tax deduction) for annual policy premiums paid or incurred for homeowners insurance on an individual's principal residence. 

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 23

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

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APA
U.S. Congress. (2026). S. 35: Homeowners Premium Tax Reduction Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-S-35/
MLA
"S. 35: Homeowners Premium Tax Reduction Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-35/.
Bluebook (legal)
S. 35, 119th Cong. (2026), https://openamerica.io/bill/119-S-35/.
Markdown link
[S. 35: Homeowners Premium Tax Reduction Act of 2025](https://openamerica.io/bill/119-S-35/)
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