S. 35: Homeowners Premium Tax Reduction Act of 2025

119th Congress · introduced 2025-01-08 · Taxation · Latest: Read twice and referred to the Committee on Finance.

federal

Official title

Homeowners Premium Tax Reduction Act of 2025

Plain 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.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Homeowners Premium Tax Reduction Act of 2025

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Scott, Rick [R-FL] · 0 cosponsors

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Words on this page, explained (1)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119s35.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/s>

Record fed-us-cong119-s35 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills