S 35
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.
Bill status
- Status
- In committee
- Sponsor
- Sen. Rick Scott [R-FL]
- Cosponsors
- 0
- Policy area
- Taxation
- Introduced
- 2025-01-08
- Latest action
- 2025-01-08: Read twice and referred to the Committee on Finance.
Committee referrals
Recent actions
- 2025-01-08: Read twice and referred to the Committee on Finance.
- 2025-01-08: Introduced in Senate