House passes aviation, hurricane tax relief bill
The
"It's necessary that we continue to fund the
Most of the bill wasn't controversial, but
The bill would permit homeowners with
The insurance industry sought the change, saying it would give consumers another option and relieve some of the financial pressure on the federal program by reducing the number of homeowners it has to serve. The program is more than
"What the American people are craving for is competition in the products they have to protect their valuable assets," said Rep.
Some
The bill includes five tax relief provisions for victims of Hurricanes Harvey, Irma and Maria. Money from 401(k) or other retirement accounts could be withdrawn without penalty for storm-related expenses, for example. Another provision would lift limits on charitable tax deductions for people making hurricane-related donations.
The bill extends a program for
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