[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 318 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 318

To amend the Internal Revenue Code of 1986 to repeal the limitation on 
                deductions for personal casualty losses.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 12, 2023

 Ms. Brownley introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to repeal the limitation on 
                deductions for personal casualty losses.

    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 ``Protecting Homeowners from Disaster 
Act of 2023''.

SEC. 2. REPEAL OF LIMITATION ON DEDUCTION FOR PERSONAL CASUALTY LOSSES.

    (a) In General.--Section 165(h) of the Internal Revenue Code of 
1986 is amended by striking paragraph (5).
    (b) Effective Date.--The amendment made by this section shall apply 
to losses sustained in taxable years beginning after December 31, 2022.
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