HR 4514 · 98th Congress · Taxation
A bill to amend Section 165 of the Internal Revenue Code of 1954 by repealing the limitation on the deduction for nonbusiness casualty losses created by Section 203 of the Tax Equity and Fiscal Responsibility Act of 1982.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1983-11-18)
Plain Language Summary
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Amends the Internal Revenue Code to eliminate the percentage limitation on the income tax deduction for nonbusiness casualty losses enacted by the Tax Equity and Fiscal Responsibility Act of 1982.…
Summarized by Claude AI · Non-partisan · For informational purposes only