Mortgage Tax Cut Extension Act

Bill: 113-hr-3995
Sponsor: full_name: Rep. Braley, Bruce L. [D-IA-1]
Introduced: 2014-02-05
Policy area: Taxation
Subjects: Housing finance and home ownership

Income tax deductions
Latest action: action_date: 2014-02-05
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-02-05
action_desc: Introduced in House
text: <p>Mortgage Tax Cut Extension Act - Amends the Internal Revenue Code to extend through 2015 the tax deduction for mortgage insurance premiums.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 3995 IN THE HOUSE OF REPRESENTATIVES February 5, 2014 Mr. Braley of Iowa 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 extend the deduction for mortgage insurance premiums.

1. Short title This Act may be cited as the Mortgage Tax Cut Extension Act . 2. Extension of deduction for mortgage insurance premiums (a) In general Section 163(h)(3)(E)(iv)(I) of the Internal Revenue Code of 1986 is amended by striking December 31, 2013 and inserting December 31, 2015 . (b) Effective date The amendment made by this section shall apply to amounts paid or incurred after December 31, 2013.