HR 2567
98th Congress
House
Taxation
Home ownership
Housing and Housing Finance
Housing finance
Income tax
Individual retirement accounts
Mortgages
Tax deductions
Tax-deferred compensation plans
Mortgage Retirement Account Act of 1983
Introduced: April 14, 1983
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 1983
Referred to House Committee on Ways and Means.
Apr 14, 1983
Introduced in House
Plain-English summary
Mortgage Retirement Account Act of 1983 - Amends the Internal Revenue Code to allow taxpayers an election to treat home mortgage prepayments as a tax-deductible contribution to an individual retirement account.
Allows amounts to be withdrawn from an individual retirement account for the purchase of a principal residence.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1