To amend the Internal Revenue Code of 1986 to repeal the temporary rule limiting personal casualty losses to only disaster-related losses.

Bill: 116-hr-3251
Sponsor: full_name: Rep. Courtney, Joe [D-CT-2]
Introduced: 2019-06-13
Policy area: Taxation
Subjects: Disaster relief and insurance

Income tax deductions

Life, casualty, property insurance

Tax administration and collection, taxpayers
Latest action: action_date: 2019-06-13
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-06-13
action_desc: Introduced in House
text: <p>This bill amends the Internal Revenue Code to repeal the tax rule in effect through 2025 that limits the deduction for personal casualty losses to only disaster-related losses. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 3251 IN THE HOUSE OF REPRESENTATIVES June 13, 2019 Mr. Courtney (for himself, Mr. Larson of Connecticut , and Ms. Kuster of New Hampshire ) 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 repeal the temporary rule limiting personal casualty losses to only disaster-related losses.

1. Repeal of temporary rule limiting personal casualty losses to only disaster-related losses (a) In general Section 165(h) of the Internal Revenue Code of 1986 is amended by striking paragraph (5). (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2017.