,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bcac  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #af1 #bjbe,mr4   
,scott ( ,florida 7= himself & ,mrs4    
,moody7 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide an     
above-!-l9e d$uction = flood insurance  
premiums4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,flood ,insurance ,relief  
,act4  #b4 ,d$uction = flood insurance  
premiums  7a7 ,all[ance ( d$uction  7#a7
 ,9 g5]al ,"p ,,vii ( sub*apt] ,b (     
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by r$esignat+ section    
#bbd z section #bbe & ins]t+ aft]       
section #bbc ! foll[+ new section3      
#bbd4 ,flood insurance premiums  7a7    
,d$uction all[$ ,9 ! case ( an          
individual1 !re %all be all[$ z a       
d$uction qualifi$ flood insurance       
premiums paid or incurr$ dur+ ! taxable 
ye> ) respect to prop]ty own$ by !      
taxpay]4  7b7 ,limitation  7#a7 ,9 g5]al

 ,subsection 7a7 %all n apply ) respect 
to any taxpay] ^: adju/$ gross income = 
! taxable ye> exce$s #bjj1jjj 7#djj1jjj 
9 ! case ( a jo9t return74  7#b7        
,application ,= purposes ( p>agraph     
7#a71 ! adju/$ gross income ( ! taxpay] 
%all be det]m9$-- 7,a7 aft] application 
( sections #hf1 #ace1 #acg1 #bai1 #bba1 
& #dfi1 &  7,b7 )\t reg>d to ?is        
section4  7c7 ,qualifi$ flood insurance 
premiums ,= purposes ( ?is section1 !   
t]m qualifi$ flood insurance premiums   
means-- 7#a7 any *>geable risk premium  
rate = flood insurance "u ! program     
e/abli%$ "u ! ,national ,flood          
,insurance ,act ( #aifh 7#db ,u4,s4,c4  
#djja et seq47 or ! paym5t ( any premium
 "u private flood insurance1 z def9$ 9  
section #ajb7;b7 ( ! ,flood ,disa/]     
,protection ,act ( #aigc 7#db ,u4,s4,c4 
#djab;a7b771  7#b7 any ,f$]al ,policy   
,fee1 z def9$ 9 ,app5dix ,a7#a7 to "p   
#fa ( title #dd1 ,code ( ,f$]al         
,regulations1 or any successor          
regulation1  7#c7 any sur*>ge describ$ 9

 ! flu% text foll[+ subp>agraph 7,d7 (  
section #acjd7;b77#d7 ( ! ,national     
,flood ,insurance ,act ( #aifh 7#db     
,u4,s4,c4 #djaa7;b77#d771 &  7#d7 any   
premium sur*>ge "u section #acjh;,a ( ! 
,national ,flood ,insurance ,act ( #aifh
 7#db ,u4,s4,c4 #djae;a74  4  7#b7      
,cl]ical am5dm5t ,! table ( sections =  
"p ,,vii ( sub*apt] ,b ( *apt] #a ( su* 
,code is am5d$ by r$esignat+ ! item     
relat+ to section #bbd z relat+ to      
section #bbe & by ins]t+ aft] ! item    
relat+ to section #bbc ! foll[+ new     
item3  ,sec4 #bbd4 ,flood insurance     
premiums4  4  7b7 ,d$uction all[$ 9     
det]m9+ adju/$ gross income ,section    
#fb7;a7 ( ! ,int]nal ,rev5ue ,code (    
#aihf is am5d$ by ins]t+ aft] p>agraph  
7#ba7 ! foll[+ new p>agraph3  7#bb7     
,flood insurance premiums ,! d$uction   
all[$ by section #bbd4  4  7c7 ,con=m+  
am5dm5ts  7#a7 ,section #gd7;d77#b77;,b7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by ins]t+ #bbd aft] #bba4  7#b7   
,section #hf7;b77#b77;,a7 ( su* ,code is

 am5d$ by ins]t+ #bbd1 aft] #bba14  7#c7
 ,section #ace7;c77#d77;,a7 ( su* ,code 
is am5d$ by ins]t+ #bbd1 aft] #bba14    
7#d7 ,section #acg7;b77#c77;,a7 ( su*   
,code is am5d$ by ins]t+ #bbd aft]      
#bba14  7#e7 ,section                   
#bai7;g77#c77;,a77ii7 ( su* ,code is    
am5d$ by ins]t+ #bbd1 aft] #bba14  7#f7 
,section #bba7;b77#b77;,c77i7 ( su*     
,code is am5d$ by ins]t+ #bbd1 aft]     
#bai14  7#g7 ,section                   
#dfi7;i77#c77;,e77ii7 ( su* ,code is    
am5d$ by ins]t+ #bbd1 aft] #bba14  7d7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4