Protecting Homeowners from Disaster Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 3549 To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses. IN THE HOUSE OF REPRESENTATIVES JUNE 27, 2019 Ms. BROWNLEY of California introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the limitation on deductions for personal casualty losses. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Protecting Home- 4 owners from Disaster Act of 2019’’. 5 SEC. 2. REPEAL OF LIMITATION ON DEDUCTION FOR PER- 6 SONAL CASUALTY LOSSES. 7 (a) IN GENERAL.—Section 165(h) is amended by 8 striking paragraph (5). 9 VerDate Sep 11 2014 04:50 Jul 09, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3549.IH H3549 kjohnson on DSK79L0C42 with BILLS 2 •HR 3549 IH (b) EFFECTIVE DATE.—The amendment made by 1 this section shall apply to losses sustained in taxable years 2 beginning after December 31, 2017. 3 Æ VerDate Sep 11 2014 04:50 Jul 09, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H3549.IH H3549 kjohnson on DSK79L0C42 with BILLS