,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #ijeg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bi1        
#bjbb,mr4 ,higg9s ( ,l\isiana introduc$ 
! foll[+ bill2 :i* 0 ref]r$ to !        
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to exclude f gross income c]ta9   
income f provid+ home[n]'s insurance    
foll[+ c]ta9 f$]ally decl>$ disa/]s4    
#a4 ,exclusion ( c]ta9 income f provid+ 
home[n]'s insurance foll[+ c]ta9 f$]ally
 decl>$ disa/]s  7a7 ,9 g5]al ,"p ,,ii (
 sub*apt] ,l ( *apt] #a ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new section3  #hcf4   
,exclusion ( c]ta9 income f provid+     
home[n]'s insurance foll[+ c]ta9 f$]ally
 decl>$ disa/]s  7a7 ,9 g5]al ,9 ! case 
( ea* taxable ye> 9 ! recov]y p]iod1 !re
 %all be exclud$ f ! gross income ( ea* 
specifi$ insurance company ! cont9u$    
bus9ess p]c5tage ( ! qualifi$ home[n]'s 
insurance income ( su* company = su*    
taxable ye> ) respect to any disa/]     

area4  7b7 ,specifi$ insurance company  
,= purposes ( ?is section1 ! t]m        
specifi$ insurance company means1 )     
respect to any disa/] area1 any         
insurance company 7o!r ?an a life       
insurance company7 :i*1 imm$iately prior
 to ! incid5t date ) respect to su*     
disa/] area1 provid$ home[n]'s insurance
 ) respect to prop]ty locat$ 9 su*      
disa/] area4  7c7 ,qualifi$ home[n]'s   
insurance income ,= purposes ( ?is      
section1 ! t]m qualifi$ home[n]'s       
insurance income means1 ) respect to any
 specifi$ insurance company = any       
taxable ye>1 ! excess (-- 7#a7 !        
premiums receiv$ by su* insurance       
company = home[n]'s insurance ) respect 
to prop]ty locat$ 9 ! disa/] area1 ov]  
7#b7 d$uctions prop]ly allocable to su* 
premiums4  7d7 ,cont9u$ bus9ess p]c5tage
 ,= purposes ( ?is section1 ! t]m       
cont9u$ bus9ess p]c5tage means1 )       
respect to any specifi$ insurance       
company = any taxable ye>1 ! ratio 7n   
great] ?an #a7 (-- 7#a7 ! am\nt ( gross 

premiums writt51 dur+ su* taxable ye>1  
on home[n]'s insurance ) respect to     
prop]ty locat$ 9 ! disa/] area1 divid$  
by  7#b7 ! am\nt ( gross premiums       
writt51 dur+ ! la/ taxable ye> ( su*    
insurance company end+ be=e ! incid5t   
date ) respect to su* disa/] area1 on   
home[n]'s insurance ) respect to prop]ty
 locat$ 9 ! disa/] area4  7e7 ,recov]y  
p]iod ,= purposes ( ?is section1 ! t]m  
recov]y p]iod means1 ) respect to any   
disa/] area1 ! fir/ #e taxable ye>s end+
 aft] ! incid5t date ) respect to su*   
disa/] area4  7f7 ,disa/] area ,=       
purposes ( ?is section1 ! t]m disa/]    
area has ! mean+ giv5 su* t]m 9 section 
#gejh;,a7d77#c74  7g7 ,incid5t date ,=  
purposes ( ?is section1 ! t]m incid5t   
date means1 ) respect to any disa/]     
area1 ! e>lie/ incid5t date specifi$ 9 !
 decl>ation ) respect to su* disa/]     
area4  4  7b7 ,cl]ical am5dm5t ,! table 
( sections = "p ,,ii ( sub*apt] ,l (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+

 new item3  ,sec4 #hcf4 ,exclusion (    
c]ta9 income f provid+ home[n]'s        
insurance foll[+ c]ta9 f$]ally decl>$   
disa/]s4  4  7c7 ,effective date ,!     
am5dm5ts made by ?is section %all apply 
to disa/] areas ! incid5t date 7z def9$ 
9 section #hcf7;g7 ( ! ,int]nal ,rev5ue 
,code ( #aihf1 z add$ by ?is section7 ( 
:i* is aft] ,decemb] #ca1 #bjba4