HR 4911
99th Congress
House
Taxation
Finance and Financial Sector
Housing and Housing Finance
Housing finance
Income tax
Interest
Mortgage loans
Settlement costs
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: May 22, 1986
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 1986
Referred to House Committee on Ways and Means.
May 22, 1986
Introduced in House
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
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1