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S 1027 United States Senate · 117th Congress

Tax Assistance for Crumbling Foundations Act

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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesRepeals tax rule limiting casualty loss deductions, expanding tax relief for individuals affected by non-federally declared disasters, aligning with tax relief indicators.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2021
Committee Review
Floor Vote
President
Introduced Mar 25, 2021 Last action Mar 25, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Mar 25, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Mar 25, 2021
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Richard Blumenthal
Richard Blumenthal
DDemocratic
CT
n/a
Co
Photo of Christopher Murphy
Christopher Murphy
DDemocratic
CT
n/a
Co
Photo of Edward J. Markey
Edward J. Markey
DDemocratic
MA
n/a
Co
Photo of Elizabeth Warren
Elizabeth Warren
DDemocratic
MA
n/a