A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of their principal residence for the taxable year in which paid.

Introduced

22 May 1986

Last action

22 May 1986 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Stallings, Richard H. [D-ID-2], Rep. Gordon, Bart [D-TN-6], Rep. Sikorski, Gerry E. [D-MN-6], Rep. Williams, Pat [D-MT-At Large], Rep. Chapman, Jim [D-TX-1], Rep. Penny, Timothy J. [D-MN-1], Rep. Bustamante, Albert G. [D-TX-23], Rep. Foley, Thomas S. [D-WA-5], Rep. Jones, Ed [D-TN-8], Rep. Kleczka, Gerald D. [D-WI-4], Rep. Darden, George (Buddy) [D-GA-7], Rep. Dyson, Roy [D-MD-1], Rep. Mrazek, Robert J. [D-NY-3], Rep. Strang, Michael L. [R-CO-3], Rep. MacKay, Buddy [D-FL-6], Rep. Oakar, Mary Rose [D-OH-20], Rep. Towns, Edolphus [D-NY-10], Rep. Combest, Larry [R-TX-19], Rep. Schroeder, Patricia [D-CO-1], Rep. Perkins, Carl C. [D-KY-7], Rep. Bruce, Terry L. [D-IL-19], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Watkins, Wes [R-OK-3], Rep. Glickman, Dan [D-KS-4], Rep. Coelho, Anthony Lee [D-CA-15], Sen. Daschle, Thomas A. [D-SD], Rep. Nielson, Howard C. [R-UT-3], Rep. Barton, Joe [R-TX-6], Rep. McCurdy, Dave [D-OK-4], Rep. Alexander, Bill [D-AR-1], Rep. Stokes, Louis [D-OH-11], Rep. Manton, Thomas J. [D-NY-7], Sen. Wyden, Ron [D-OR], Rep. Vento, Bruce F. [D-MN-4], Sen. Reid, Harry [D-NV], Rep. Panetta, Leon [D-CA-16], Rep. Dicks, Norman D. [D-WA-6], Sen. Nelson, Bill [D-FL], Rep. Cooper, Jim [D-TN-5], Rep. Gray, Kenneth J. [D-IL-22], Sen. Roberts, Pat [R-KS], Rep. Olin, James R. [D-VA-6], Rep. Jones, Walter B. [D-NC-1], Rep. Morrison, Bruce A. [D-CT-3], Rep. Martinez, Matthew G. [D-CA-31], Rep. Traficant, James A., Jr. [D-OH-17], Rep. Kindness, Thomas N. [R-OH-8], Rep. Roe, Robert A. [D-NJ-8]

Subjects

Taxation

Source updated

7 February 2024