I 
118TH CONGRESS 
1ST SESSION H. R. 1545 
To amend the Internal Revenue Code of 1986 to exclude from gross income 
certain income from providing real property insurance following certain 
federally declared disasters. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 10, 2023 
Mr. HIGGINS of Louisiana introduced the following bill; which was referred 
to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to exclude 
from gross income certain income from providing real 
property insurance following certain federally declared 
disasters. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Restoring Competitive 
Property Insurance Availability Act’’. 
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SEC. 2. EXCLUSION OF CERTAIN INCOME FROM PROVIDING 
REAL PROPERTY INSURANCE FOLLOWING 
CERTAIN FEDERALLY DECLARED DISASTERS. 
(a) IN GENERAL.—Part II of subchapter L of chap-
ter 1 of the Internal Revenue Code of 1986 is amended 
by adding at the end the following new section: 
‘‘SEC. 836. EXCLUSION OF CERTAIN INCOME FROM PRO-
VIDING REAL PROPERTY INSURANCE FOL-
LOWING CERTAIN FEDERALLY DECLARED 
DISASTERS. 
‘‘(a) IN GENERAL.—In the case of each taxable year 
in the recovery period, there shall be excluded from the 
gross income of each specified insurance company the 
qualified real property insurance income of such company 
for such taxable year with respect to any disaster area. 
‘‘(b) SPECIFIED INSURANCE COMPANY.—For pur-
poses of this section, the term ‘specified insurance com-
pany’ means, with respect to any disaster area, any insur-
ance company (other than a life insurance company) 
which, immediately prior to the incident date with respect 
to such disaster area, provided real property insurance 
with respect to property located in such disaster area. 
‘‘(c) QUALIFIED REAL PROPERTY INSURANCE IN-
COME.—For purposes of this section, the term ‘qualified 
real property insurance income’ means, with respect to 
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any specified insurance company for any taxable year, the 
excess of— 
‘‘(1) the premiums received by such insurance 
company for real property insurance with respect to 
property located in the disaster area, over 
‘‘(2) deductions properly allocable to such pre-
miums. 
‘‘(d) REAL PROPERTY INSURANCE.—For purposes of 
this section, the term ‘real property insurance’ shall in-
clude the coverage of risks associated with personal prop-
erty if such risks are covered under the same policy that 
covers risks associated with real property and such per-
sonal property is located on such real property. 
‘‘(e) RECOVERY PERIOD.—For purposes of this sec-
tion, the term ‘recovery period’ means, with respect to any 
disaster area, the first 5 taxable years ending after the 
incident date with respect to such disaster area. 
‘‘(f) DISASTER AREA.—For purposes of this section, 
the term ‘disaster area’ has the meaning given such term 
in section 7508A(d)(3). 
‘‘(g) INCIDENT DATE.—For purposes of this section, 
the term ‘incident date’ means, with respect to any dis-
aster area, the earliest incident date specified in the dec-
laration with respect to such disaster area.’’. 
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