By Pelican State News Report |
Jul 13, 2023
.S. Senators Bill Cassidy, M.D. (R-LA), Richard Blumenthal (D-CT), Chris Murphy (D-CT), Ed Markey (D-MA), and Elizabeth Warren (D-MA) introduced the bicameral Casualty Loss Deduction Restoration Act to restore the federal casualty loss deduction for all taxpayers with a casualty loss—not just those who had received a federal disaster declaration.