S 4934 · 118th Congress · Taxation

Homeowners Premium Tax Reduction Act of 2024

Introduced 2024-08-01· Sponsored by Sen. Scott, Rick [R-FL]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2024-08-01)

Plain Language Summary

[AI summary unavailable — showing source text] Homeowners Premium Tax Reduction Act of 2024 This bill allows a deduction from gross income (above-the-line tax deduction) for up to $10,000 of annual policy premiums paid or incurred for homeowners insurance for an individual's principal residence. …

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