To amend the Internal Revenue Code of 1986 to allow the deduction for interest on acquisition indebtedness on principal residences to all individuals, whether or not they itemize their other deductions.

Fact Sheet API

Bill Number

HR 3608

Introduced

Sep 20, 2007

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Finance and Financial Sector Housing and Community Development Housing finance Income tax Interest Mortgages Tax deductions Taxation

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to allow an individual taxpayer to deduct from gross income interest incurred to acquire, construct, improve, or refinance a principal residence, whether or not such taxpayer itemizes other income tax deductions.

Actions

Sep 20, 2007

Referred to the House Committee on Ways and Means.
Sep 20, 2007

Introduced in House

Amendments

Related Bills