Flood Insurance Relief Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8102 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8102 To amend the Internal Revenue Code of 1986 to provide an above-the-line deduction for flood insurance premiums. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 20, 2024 Mr. Donalds introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide an above-the-line deduction for flood insurance premiums. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Flood Insurance Relief Act''. SEC. 2. DEDUCTION FOR FLOOD INSURANCE PREMIUMS. (a) Allowance of Deduction.-- (1) In general.--Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by redesignating section 224 as section 225 and inserting after section 223 the following new section: ``SEC. 224. FLOOD INSURANCE PREM…