HOUSE 318118th CongressReferred to the House Committee on Foreign Affairs.

Recognizing the importance of the 70th anniversary of the signing of the Mutual Defense Treaty between the United States and the Republic of Korea on October 1, 1953.

Last Action: 4/24/2023

Actions

2023-01-12Referred to the House Committee on Ways and Means.
2023-01-12Introduced in House
2023-01-12Introduced in House

CRS Summary

As of 2023-01-12 (00)

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.

Cosponsors (4)

Joe Courtney (D-CT)
Marilyn Strickland (D-WA)
Val Hoyle (D-OR)
Jill Tokuda (D-HI)

Subjects

Income tax deductions
Life, casualty, property insurance
Tax administration and collection, taxpayers

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