Protecting Homeowners from Disaster Act of 2021

H.R. 2191 · 117th Congress · Mar 26, 2021 · 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 2021”.

(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 losses sustained in taxable years beginning after December 31, 2020.