S. 35 · 119th Congress
Homeowners Premium Tax Reduction Act of 2025
- Stage
- In committee
- Sponsor
- Rick Scott
- Introduced
- 2025-01-08
- Latest action
- 2025-01-08 · Introduced in Senate
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.