or an activity described in section 212, and (B) subsection (a)(3) shall not apply to any State or local taxes. . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2017. 11043. Suspension of deduction for home equity interest (a) In general Section 163(h)(3)(A)(ii) is amended by inserting in the case of taxable years beginning before January 1, 2018, or after December 31, 2025, before home equity indebtedness . (b) Effective date The amendments made by this section shall apply to taxable years ending after December 31, 2017. 11044. Modification of deduction for personal casualty losses (a) In general Subsection (h) of section 165 is amended by adding at the end the following new paragraph: (5) Limitation for taxable years 2018 through 2025 In the case of any loss of an individual described in subsection (c)(3) which (but for this paragraph) would be deductible in a taxable year beginning after December 31, 2017, and before January 1, 2026 (without regard to any election under subsection (i), such loss shall be allowed only to the extent it is attributable to a Federally declared disaster (as defined in subsection (i)(5)). The preceding sentence shall not apply to any deduction under section 172 which is carried to such a taxable year from a taxable year beginning before January 1, 2018. . (b) Effective date The amendment made by this section shall apply to losses incurred in taxable years beginning after December 31, 2017. 11045. Suspension of miscellaneous itemized deductions (a) In general Section 67 is amended by adding at the end the following new subsection: (g) Suspension for taxable years 2018 through 2025 Notwithstanding subsection (a), no miscellaneous itemized deduction shall be allowed for any taxable year beginning after December 31, 2017, and before January 1, 2026. . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2017. 11046. Suspension of overall limitation on itemized