S 1027 · 117th Congress

Tax Assistance for Crumbling Foundations Act

<p><strong></strong><b>Tax Assistance for Crumbling Foundations Act</b></p> <p>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. </p>

Sponsor

Blumenthal, Richard (D-CT)

Introduced

2021-03-25

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.