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- S.1027
S.1027: Tax Assistance for Crumbling Foundations Act
About This Bill
- Introduced March 25, 2021
- Latest Major Action March 25, 2021
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Version
- Introduced in Senate - March 25, 2021
Bill Summary
Tax Assistance for Crumbling Foundations Act This bill repeals the tax rule in effect through 2025 that limits the deduction for personal casualty losses to losses attributable to a federally declared disaster.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 25, 2021 |
Read twice and referred to the Committee on Finance.
|
| March 25, 2021 |
Introduced in the Senate by Richard Blumenthal (D-Conn.) |