S. 35

119th Congress

In Committee

Homeowners Premium Tax Reduction Act of 2025

Sponsored byRepublican:Sen. Scott, Rick [R-FL]FL· Introduced 8 January 2025
Open on Congress.gov

0

Cosponsors

2

Actions

0

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Read twice and referred to the Committee on Finance.

8 January 2025·1 year ago

Summary

Introduced in Senate · Updated 12 March 2025

Homeowners 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. 

Timeline

2 actions

  1. Read twice and referred to the Committee on Finance.

    8 January 2025 · IntroReferral

  2. Introduced in Senate

    8 January 2025 · IntroReferral

Sponsorship

0 cosponsors

Sponsor

Republican:Sen. Scott, Rick [R-FL]FL

Classification

Policy area

Taxation

Legislative subjects

Income tax deductionsLife, casualty, property insurance
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