HR 4539 · 118th Congress · Taxation

Casualty Loss Deduction Restoration Act

Introduced 2023-07-11· Sponsored by Rep. Courtney, Joe [D-CT-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-07-11)

Plain Language Summary

[AI summary unavailable — showing source text] Casualty Loss Deduction Restoration Act This bill eliminates the suspension period (2018 through 2025) for the tax deduction for personal casualty lossess and increases from $10,000 to $50,000 the limitation on allowable amount of the deduction.…

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

Cosponsors (8)

5 Democrats3 Republicans
Rep. Larson, John B. [D-CT-1]CT
Rep. Brownley, Julia [D-CA-26]CA
Rep. Crenshaw, Dan [R-TX-2]TX
Rep. Rogers, Mike D. [R-AL-3]AL
Del. Moylan, James C. [R-GU-At Large]GU
Rep. McGovern, James P. [D-MA-2]MA
Rep. Raskin, Jamie [D-MD-8]MD
Rep. Trahan, Lori [D-MA-3]MA