S 338
100th Congress
Senate
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 20, 1987
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 20, 1987
Read twice and referred to the Committee on Finance.
Jan 20, 1987
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1