118th Congress · SENATE BILLBILL

S. 4143Flood Insurance Relief Act

A bill to amend the Internal Revenue Code of 1986 to provide an above-the-line deduction for flood insurance premiums.

Taxation
Introduced Apr 17, 2024
Last action Apr 17, 2024
Pipeline · Bill → Law
Step 1
Introduced
Apr 17, 2024
Step 2
Referred
Apr 17, 2024
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill allows a new above-the-line tax deduction (used to determine adjusted gross income) for certain flood insurance premiums for taxpayers whose adjusted gross income does not exceed $200,000 ($400,000 for joint returns).

Provisions · 2 sectionsIntroduced in Senate
Timeline · 2 actions
Apr 17, 2024
Introduced in Senate
Apr 17, 2024
Read twice and referred to the Committee on Finance.