Homeowners Premium Tax Reduction Act of 2025

Sponsored bySen. Scott, Rick [R-FL]FL· Introduced 8 janvier 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

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Enacted

Step 1 of 0

Latest action

Read twice and referred to the Committee on Finance.

8 janvier 2025·1 year ago

Summary

Introduced in Senate · Updated 12 mars 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

Read twice and referred to the Committee on Finance.
8 janvier 2025 · IntroReferral
Introduced in Senate
8 janvier 2025 · IntroReferral

Sponsorship

0 cosponsors

Sponsor

Sen. Scott, Rick [R-FL]FL

Classification

Policy area

Taxation

Legislative subjects

Income tax deductionsLife, casualty, property insurance

Track Homeowners Premium Tax Reduction Act of 2025 as it moves through Congress