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    <introducedDate>2023-07-11</introducedDate>
    <congress>118</congress>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 118 (Tuesday, July 11, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. COURTNEY:H.R. 4539.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 1, provides Congress with thepower to ``lay and collect Taxes, Duties, Imposts andExcises.'' The 16th Amendment provides Congress with thepower to ``lay and collect taxes on incomes.''The single subject of this legislation is:Federal taxation for individuals.[Page H3207]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <title>Casualty Loss Deduction Restoration Act</title>
        <congress>118</congress>
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          <actionDate>2023-07-11</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <fullName>Rep. Courtney, Joe [D-CT-2]</fullName>
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        <fullName>Rep. Larson, John B. [D-CT-1]</fullName>
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        <bioguideId>B001285</bioguideId>
        <fullName>Rep. Brownley, Julia [D-CA-26]</fullName>
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        <lastName>Brownley</lastName>
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        <state>CA</state>
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        <fullName>Rep. Crenshaw, Dan [R-TX-2]</fullName>
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        <fullName>Rep. Rogers, Mike D. [R-AL-3]</fullName>
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        <state>AL</state>
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        <fullName>Del. Moylan, James C. [R-GU-At Large]</fullName>
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        <fullName>Rep. McGovern, James P. [D-MA-2]</fullName>
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        <lastName>MCGOVERN</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>P.</middleName>
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        <isOriginalCosponsor>False</isOriginalCosponsor>
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        <bioguideId>R000606</bioguideId>
        <fullName>Rep. Raskin, Jamie [D-MD-8]</fullName>
        <firstName>Jamie</firstName>
        <lastName>Raskin</lastName>
        <party>D</party>
        <state>MD</state>
        <district>8</district>
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        <bioguideId>T000482</bioguideId>
        <fullName>Rep. Trahan, Lori [D-MA-3]</fullName>
        <firstName>Lori</firstName>
        <lastName>Trahan</lastName>
        <party>D</party>
        <state>MA</state>
        <district>3</district>
        <sponsorshipDate>2024-07-26</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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      <policyArea>
        <name>Taxation</name>
        <updateDate>2023-08-14T16:15:28Z</updateDate>
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        <actionDate>2023-07-11</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-10-18T13:12:23Z</updateDate>
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          <text>&lt;p&gt; &lt;strong&gt;Casualty Loss Deduction Restoration Act&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill eliminates the suspension period (2018 through 2025) for the tax deduction for personal casualty lossess and increases from $10,000 to $50,000 the limitation on allowable amount of the deduction.&lt;/p&gt;</text>
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    <title>Casualty Loss Deduction Restoration Act</title>
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        <titleType>Display Title</titleType>
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        <title>Casualty Loss Deduction Restoration Act</title>
        <updateDate>2024-07-24T15:21:10Z</updateDate>
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        <title>Casualty Loss Deduction Restoration Act</title>
        <updateDate>2024-05-24T13:38:00Z</updateDate>
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        <titleType>Official Title as Introduced</titleType>
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        <title>To amend the Internal Revenue Code of 1986 to repeal the temporary limitation on personal casualty losses.</title>
        <updateDate>2024-03-18T21:08:31Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <date>2023-07-11T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr4539ih/xml/BILLS-118hr4539ih.xml</url>
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    <latestAction>
      <actionDate>2023-07-11</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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