HR 3098
109th Congress
House
Taxation
Economics and Public Finance
Federally-guaranteed loans
Finance and Financial Sector
Government Operations and Politics
Government insurance
Government paperwork
Housing and Community Development
Income tax
Insurance premiums
Interest
Mortgage guaranty insurance
Tax deductions
Tax returns
Mortgage Insurance Fairness Act of 2005
Introduced: June 28, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 28, 2005
Referred to the House Committee on Ways and Means.
Jun 28, 2005
Sponsor introductory remarks on measure. (CR E1382)
Jun 28, 2005
Introduced in House
Plain-English summary
Mortgage Insurance Fairness Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction for mortgage insurance premiums. Reduces the amount of such deduction for taxpayers with adjusted gross incomes exeeding $100,000.
Authorizes the Secretary of the Treasury to require informational returns from any individual who receives payment of more than $600 in mortgage insurance premiums.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1