Restoring Competitive Property Insurance Availability Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1070 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1070 To amend the Internal Revenue Code of 1986 to exclude from gross income certain income from providing real property insurance following certain federally declared disasters. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 6, 2025 Mr. Higgins of Louisiana 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 exclude from gross income certain income from providing real property insurance following certain federally declared disasters. 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 ``Restoring Competitive Property Insurance Availability Act''. SEC. 2. EXCLUSION OF CERTAIN INCOME FROM PROVIDING REAL PROPERTY INSURANCE FOLLOWING CERTAIN FEDERALLY DECLARED DISASTERS. (a) In General.--Part …