In recent years, more and more homeowners in our region have discovered that their home foundations are crumbling due to the presence of a mineral called pyrrhotite in the stone aggregate originally used to mix the concrete.
Congressman Joe Courtney (CT-2) and John Larson (CT-1) announced approval of new federal tax relief for homeowners dealing with crumbling foundations. The relief, released through an Internal Revenue Service (IRS) “revenue procedure,” follows nearly 19 months of work by the two members to request the help. Read more here.
Congressman Joe Courtney (CT-2) today voted against the House tax plan. During debate on the bill last night, Courtney highlighted the impact of the measure on efforts to fill jobs through job training, higher education support and other efforts to close the national “skills gap.”
“The number one thing I hear around the district from both medical professionals and first responders is that they need more funding if we are ever going to stem the rise in drug addiction,” said Courtney. “For years, we have been saying that we need to start treating this crisis like a medical emergency as well as a law enforcement issue. This funding does just that by providing funding for hospitals and clinics on the frontlines.”
September 15, 2018 In The News
The Connecticut Society of Certified Public Accountants is supporting the efforts of U.S. Rep. John B. Larson, D-1st District, and U.S. Rep. Joseph D. Courtney, D-2nd District, to clarify how homeowners with crumbling foundations can receive federal tax relief through the casualty loss deduction. In August, Courtney and Larson asked acting IRS Commissioner David Kautter for clarification on whether a taxpayer can take and “carry forward” a net operating loss if their casualty loss exceeds their income.
“The opioid epidemic is an issue that deserves the attention of every level of our government,” said Congressman Courtney. “This funding will provide direct aid to people living the reality of this crisis. A focused program like We CARE has the potential to make a tremendous impact on lives in our community and I applaud the dedicated efforts of Claire Silva to secure this critical funding.