Senate Bill 1027
117th Congress(2021-2022)
Tax Assistance for Crumbling Foundations Act
Introduced
Introduced in Senate on Mar 25, 2021
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1027
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Tax Assistance for Crumbling Foundations Act
This bill repeals the tax rule in effect through 2025 that limits the deduction for personal casualty losses to losses attributable to a federally declared disaster.
March 25, 2021
Sort by most recent
03/25/2021
Read twice and referred to the Committee on Finance.
03/25/2021
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:47:53 PM