S 35 · 119th Congress · Taxation

Homeowners Premium Tax Reduction Act of 2025

Introduced 2025-01-08· 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.(2025-01-08)

Plain Language Summary

[AI summary unavailable — showing source text] Homeowners Premium Tax Reduction Act of 2025  This bill establishes a new deduction of up to $10,000 claimed against gross income (above-the-line tax deduction) for annual policy premiums paid or incurred for homeowners insurance on an individual's principal residence. …

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