,,ii  #aah? ,,congress  #a/ ,session    
,s4 #bbcf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #aa1 #bjbc,mr4   
,blum5?al 7= himself1 ,mr4 ,cassidy1    
,ms4 ,w>r51 ,mr4 ,m>key1 & ,mr4 ,murphy7
 introduc$ ! foll[+ bill2 :i* 0 read    
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to repeal !       
tempor>y limitation on p]sonal casualty 
losses4  #a4 ,%ort title ,?is ,act may  
be cit$ z ! ,casualty ,loss ,d$uction   
,re/oration ,act4  #b4 ,repeal (        
tempor>y limitation on p]sonal casualty 
losses2 tempor>y doll> limitation add$  
7a7 ,9 g5]al ,section #afe7;h7 ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ p>agraph 7#e7 & ins]t+ ! foll[+
 new p>agraph3  7#e7 ,limitation =      
taxable ye>s #bjah ?r\gh #bjbe  7,a7 ,9 
g5]al ,9 ! case ( an individual1 !      
aggregate am\nt ( any p]sonal casualty  
losses all[$ "u subsection 7a7 ) respect
 to a taxable ye> beg9n+ aft] ,decemb]  
#ca1 #bjag1 & be=e ,janu>y #a1 #bjbf1   

%all n exce$ #ej1jjj = ea* su* taxable  
ye>4  7,b7 ,exception ,subp>agraph 7,a7 
%all n apply to any p]sonal casualty    
loss attributable to a ,f$]ally decl>$  
disa/] 7z def9$ 9 subsection 7i77#e77   
all[$ "u subsection 7a74  4  7b7        
,ext5sion ( p]iod ( limitation  7#a7 ,9 
g5]al ,9 ! case ( a claim = cr$it or    
refund :i* is prop]ly allocable to a    
loss :i* is describ$ 9 p>agraph 7#b7--  
7,a7 ! p]iod ( limitation prescrib$ 9   
section #feaa7;a7 ( ! ,int]nal ,rev5ue  
,code ( #aihf = ! fil+ ( su* claim %all 
be treat$ z n expir+ e>li] ?an ! date t 
is #a ye> aft] ! date ( ! enactm5t ( ?is
 ,act1 &  7,b7 any limitation describ$ 9
 section #feaa7;b77#b7 %all n apply4    
7#b7 ,loss describ$ ,a loss is describ$ 
9 ?is p>agraph if su* loss is-- 7,a7    
describ$ 9 section #afe7;c77#c7 ( !     
,int]nal ,rev5ue ,code ( #aihf1 &  7,b7 
d$uctible "u section #afe7;a7 = a       
taxable ye> beg9n+ aft] ,decemb] #ca1   
#bjag4  7c7 ,effective date ,! am5dm5t  
made by subsection 7a7 %all apply to    

losses incurr$ 9 taxable ye>s beg9n+    
aft] ,decemb] #ca1 #bjag4  7d7          
,regulations ,! ,secret>y ( ! ,treasury 
7or ! ,secret>y's delegate7 %all issue  
su* regulations or o!r guidance z are   
necess>y to implem5t ! am5dm5t made by  
?is section1 includ+ regulations or     
guidance consi/5t ) ,rev5ue ,proc$ure   
#bjag-fj4