A bill to permanently extend the private mortgage insurance tax deduction.

Bill: 114-s-1644
Sponsor: full_name: Sen. Crapo, Mike [R-ID]
Introduced: 2015-06-23
Policy area: Taxation
Subjects: Housing finance and home ownership

Income tax deductions
Latest action: action_date: 2015-06-23
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2015-06-23
action_desc: Introduced in Senate
text: <p>Amends the Internal Revenue Code to make permanent the tax deduction for mortgage insurance premiums.</p>

tv_txt: II 114th CONGRESS 1st Session S. 1644 IN THE SENATE OF THE UNITED STATES June 23, 2015 Mr. Crapo (for himself and Ms. Stabenow ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To permanently extend the private mortgage insurance tax deduction.

1. Permanent extension of 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, 2014, and to amounts properly allocable to periods after such date.