To amend the Internal Revenue Code of 1986 to extend for two years the credit for mortgage insurance premiums treated as interest.

Bill: 114-hr-6388
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2016-11-18
Policy area: Taxation
Latest action: action_date: 2016-11-18
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2016-11-18
action_desc: Introduced in House
text: <p>This bill amends the Internal Revenue Code to extend through December 31, 2018, the tax deduction for mortgage insurance premiums treated as interest.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 6388 IN THE HOUSE OF REPRESENTATIVES November 18, 2016 Mr. Grayson 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 for two years the credit for mortgage insurance premiums treated as interest.

1. Extension of credit for mortgage insurance premiums treated as interest (a) In general Subsection (h)(3)(E)(iv)(I) of section 163 of the Internal Revenue Code of 1986 is amended by striking December 31, 2016 and inserting December 31, 2018 . (b) Effective date The amendment made by this section shall apply to amounts paid or accrued after December 31, 2016.