HOUSE 4539118th CongressReferred to the House Committee on Ways and Means.

Casualty Loss Deduction Restoration Act

Last Action: 7/11/2023

Actions

2023-07-11Referred to the House Committee on Ways and Means.
2023-07-11Introduced in House
2023-07-11Introduced in House

CRS Summary

As of 2023-07-11 (00)

Casualty Loss Deduction Restoration Act

This bill eliminates the suspension period (2018 through 2025) for the tax deduction for personal casualty lossess and increases from $10,000 to $50,000 the limitation on allowable amount of the deduction.

Cosponsors (8)

JOHN LARSON (D-CT)
Julia Brownley (D-CA)
Dan Crenshaw (R-TX)
Mike Rogers (R-AL)
James Moylan (R-GU)
JAMES MCGOVERN (D-MA)
Jamie Raskin (D-MD)
Lori Trahan (D-MA)

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