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S 35In committeeTaxessenate
Homeowners Premium Tax Reduction Act of 2025
Introduced Jan 8, 2025 by Sen. Rick Scott
IntroducedCommitteeFloorCongressLaw
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
Latest action · Jan 8, 2025
Read twice and referred to the Committee on Finance.
What it does
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.
Summary by the Congressional Research Service.
Roll-call votes
No floor votes yet — it hasn't reached the floor of either chamber.