Proposed
Bill · 119th Congress · S 35
Homeowners Premium Tax Reduction Act of 2025
Refreshed 2 h ago
Introduced 2025-01-08Topic: taxesSummary
Summary by the Congressional Research ServiceHomeowners 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.
Sponsors
- Rick Scott Republican sponsor
- 0 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-01-08 | Senate | Read twice and referred to the Committee on Finance. | refer |
| 2025-01-08 | Introduced in Senate | introduce |