HR. 1070In Committee
Restoring Competitive Property Insurance Availability Act
Plain-English overview
What this bill does
Allow certain property insurers to temporarily exclude disaster-area real property insurance premiums from federal gross income for five tax years after a federally declared disaster
Key points
- Limit exclusion to disaster areas
- Allow premium income exclusion
- Extend exclusion for five tax years
Current status
Where it stands
Status
In Committee
Latest action
2025-02-06 — Referred to the House Committee on Ways and Means.
Related context
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
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