Mortgage Insurance Tax Deduction Act of 2019

Bill: 116-hr-284
Sponsor: full_name: Rep. Brownley, Julia [D-CA-26]
Introduced: 2019-01-08
Policy area: Taxation
Subjects: Housing finance and home ownership

Income tax deductions

Interest, dividends, interest rates
Latest action: action_date: 2019-01-08
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-01-08
action_desc: Introduced in House
text: <p><b>Mortgage Insurance Tax Deduction Act of 201</b><b>9</b></p> <p>This bill permanently extends the tax deduction for mortgage insurance premiums. (The deduction expired at the end of 2017.)</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 284 IN THE HOUSE OF REPRESENTATIVES January 8, 2019 Ms. Brownley of California 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. Short title This Act may be cited as the Mortgage Insurance Tax Deduction Act of 2019 . 2. Deduction for mortgage insurance premiums made permanent (a) In general Section 163(h)(3)(E) 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, 2017.