Protecting Homeowners from Disaster Act of 2019

H.R. 3549 · 116th Congress · Jun 27, 2019 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses.

This Act may be cited as the “Protecting Homeowners from Disaster Act of 2019”.

(a)

In general— Section 165(h) is amended by striking paragraph (5).

(b)

Effective date— The amendment made by this section shall apply to losses sustained in taxable years beginning after December 31, 2017.