S. 1027 · 117th Congress · Senate

Tax Assistance for Crumbling Foundations Act

Active· Read twice and referred to the Committee on Finance.
Introduced
Mar 25, 21
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

2
  1. MAR 25, 2021•IntroReferral

    Introduced in Senate

  2. MAR 25, 2021•IntroReferral

    Read twice and referred to the Committee on Finance.

Committees

1

Finance Committee

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Referred: Mar 25, 2021

Active