Bill Detail

S. 35

Congress: 119

Title

Homeowners Premium Tax Reduction Act of 2025

Summary

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.

Sponsor

Sen. Rick Scott [R-FL]

Status

Read twice and referred to the Committee on Finance.

Status as of Jun 27, 6:53 AM · synced 2d ago

Introduced

2025-01-08

Data source mode: congress-gov

Bill Engagement