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HR 4849 99th Congress House

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: July 22, 1986 See on congress.gov
Taxation Finance and Financial SectorHousing and Housing FinanceHousing financeIncome tax
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InterestMortgage loansTax deductions
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
May 20, 1986
Referred to House Committee on Ways and Means.
May 20, 1986
Introduced in House
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 Latest action May 20, 1986

Referred to House Committee on Ways and Means.

 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.

 Related & companion bills 1
  • HR 4918 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 5
All 5 Democratic 1 Republican 1
STENHOLM, CHARLES
· Aug 5, 1986
BEREUTER, DOUGLAS
· Jul 22, 1986
LIPINSKI, WILLIAM
· Jul 22, 1986
 R
Smith, Christopher H.
New Jersey · Jul 22, 1986
 D
Durbin, Richard J.
Illinois · Jun 12, 1986
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4849: 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.. 99th Congress. Open America. https://openamerica.io/bill/99-HR-4849/
MLA
"H.R. 4849: 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.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-4849/.
Bluebook (legal)
H.R. 4849, 99th Cong. (2026), https://openamerica.io/bill/99-HR-4849/.
Markdown link
[H.R. 4849: 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/99-HR-4849/)
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