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Tax Relief for Insurers After Federal Disasters

This bill aims to exempt insurance companies from paying income tax on earnings from homeowner's insurance after federally declared disasters. This could allow insurers to retain more funds for claims and maintain operations in affected areas, potentially speeding up recovery and support for citizens impacted by disasters.
Key points
Insurance companies will not pay tax on income from homeowner's insurance in federally declared disaster areas.
The exemption applies to income earned within five years following a disaster declaration.
The goal is to help insurers maintain operations and expedite claims payments after catastrophes.
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Status:
Expired
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Additional Information
To amend the Internal Revenue Code of 1986 to exclude from gross income certain income from providing homeowner's insurance following certain federally declared disasters.
Print number: HR 9057
Sponsor: Rep. Higgins, Clay [R-LA-3]
Process start date: 2022-09-29
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Tax Relief for Insurers After Federal Disasters

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 9057.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-09-29.

What are the main provisions?

Key points include:

  • Insurance companies will not pay tax on income from homeowner's insurance in federally declared disaster areas.
  • The exemption applies to income earned within five years following a disaster declaration.
  • The goal is to help insurers maintain operations and expedite claims payments after catastrophes.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Higgins, Clay [R-LA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

Analysis and Potential Impact of HR 9057

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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