US Codex
Bill
Notes

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

H.R. 3251 · 116th Congress · Jun 13, 2019 · Lineage

A BILL

Section 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.