Politiparty
Politiparty

118th Congress Taxation

H.R. 1545: Restoring Competitive Property Insurance Availability Act

Introduced

  1. Introduced (completed)Mar 10, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Mar 10, 2023

This bill excludes from the gross income of specified insurance companies (other than life insurance companies) certain income from providing qualified real property insurance after a federally declared disaster. The bill defines qualified real property insurance income to mean the excess of premiums received by such insurance companies for real property insurance for property located in the disaster area, over deductions properly allocable to such premiums.

Written by the Congressional Research Service, Library of Congress.

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Other bills by Clay Higgins

History

  1. Mar 10, 2023Introduced in the House by Clay Higgins.
Show the full action history (2 actions)
  1. Mar 10, 2023Introduced in House
  2. Mar 10, 2023Referred to the House Committee on Ways and Means.