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HR 544 100th Congress House Taxation Finance and Financial Sector Housing and Housing Finance Housing finance Income tax Interest Mortgage loans Tax deductions

A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of their principal residence for the taxable year in which paid.

Introduced: January 8, 1987 See on congress.gov
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 8, 1987
Referred to House Committee on Ways and Means.
Jan 8, 1987
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow homeowners to deduct the full amount of prepaid interest in connection with the refinancing of their principal residences for the taxable year in which paid.

What's happening now January 8, 1987

Referred to House Committee on Ways and Means.

 Related & companion bills 2
  • HR 1374 Identical bill A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of the…
  • S 338 Identical bill A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of the…
 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 5 Republican 2
R
Rogers, Harold
Kentucky · Jun 4, 1987
 D
Durbin, Richard J.
Illinois · May 11, 1987
 D
Hoyer, Steny H.
Maryland · Mar 5, 1987
 D
Kaptur, Marcy
Ohio · Feb 19, 1987
 D
Wyden, Ron
Oregon · Feb 19, 1987
 D
Schumer, Charles E.
New York · Feb 3, 1987
 R
Smith, Christopher H.
New Jersey · Feb 3, 1987
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 544: A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of their principal residence for the taxable year in which paid.. 100th Congress. Open America. https://openamerica.io/bill/100-HR-544/
MLA
"H.R. 544: A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of their principal residence for the taxable year in which paid.." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-HR-544/.
Bluebook (legal)
H.R. 544, 100th Cong. (2026), https://openamerica.io/bill/100-HR-544/.
Markdown link
[H.R. 544: A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of their principal residence for the taxable year in which paid.](https://openamerica.io/bill/100-HR-544/)
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