To amend the Internal Revenue Code of 1986 to make permanent the deduction for mortgage insurance premiums.

Bill: 113-hr-4845
Sponsor: full_name: Rep. Nunes, Devin [R-CA-22]
Introduced: 2014-06-11
Policy area: Taxation
Subjects: Housing finance and home ownership

Income tax deductions
Latest action: action_date: 2014-06-11
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-06-11
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to make permanent the tax deduction for mortgage insurance premiums.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4845 IN THE HOUSE OF REPRESENTATIVES June 11, 2014 Mr. Nunes (for himself and Mr. Crowley ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to make permanent the deduction for mortgage insurance premiums.

1. Permanent deduction for mortgage insurance premiums (a) In general Subparagraph (E) of section 163(h)(3) of the Internal Revenue Code of 1986 is amended by striking clause (iv). (b) Effective date The amendment made by this section shall apply to amounts paid or accrued after December 31, 2013, and to amounts properly allocable to periods after such date.