S 2118 · 104th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to allow casualty loss deduction for disaster losses without regard to the 10-percent adjusted gross income floor.

Introduced 1996-09-25· Sponsored by Sen. Faircloth, Lauch [R-NC]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1996-09-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to eliminate the ten percent adjusted gross income threshold for casualty loss deductions.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Helms, Jesse [R-NC]NC