H.R. 3608 · 110th Congress
To amend the Internal Revenue Code of 1986 to allow the deduction for interest on acquisition indebtedness on…
Full title
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.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BarrowSponsorNo cosponsors.
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.
What it does: CRS summary · Introduced in House · Sep 20, 2007
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: 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.
Latest action (Sep 20, 2007): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Sep 20, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.