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United States · Bill · HR

H.R. 3766 (102nd)

Buyer Encouragement Act

referredUnited States· United States Congress· EN

Introduced

13 November 1991

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Buyer Encouragement Act - Amends the Internal Revenue Code to allow a deduction for personal interest paid or accrued on indebtedness which is incurred: (1) after the earlier of December 31, 1991, or the date of enactment of this Act; and (2) on or before the date which is 18 months after such enactment. Declares that such allowance does not apply to indebtedness which is incurred to refinance any indebtedness incurred on or before the applicable date.

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Documents

2 official files

Introduced in House (text)

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Sources

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