Claiming Losses After Disasters Act
Summary
Claiming Losses After Disasters Act This bill revises the tax deduction for personal casualty losses arising from major federally-declared disasters. It replaces the current requirement that such losses exceed 10% of a disaster victim's adjusted gross income before a deduction can be claimed with a minimum threshold of $500 in losses per disaster.
Bill status
in committee
1 of 4 stages cleared
Introduction
Nov 2021
Committee Review
Floor Vote
President
Introduced Nov 4, 2021
Last action Nov 4, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Nov 4, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Nov 4, 2021
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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