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United States · Bill · S

S. 1051 (98th)

Mortgage Retirement Account Act of 1983

openUnited States· United States Congress· EN

Introduced

14 April 1983

Last action

20 April 1983 · Committee

Status

Committee on Finance requested executive comment from OMB, Treasury Department.

Sponsors

Sen. Tower, John G. [R-TX], Sen. Helms, Jesse [R-NC], Sen. East, John P. [R-NC], Sen. Garn, E. J. (Jake) [R-UT], Sen. Inouye, Daniel K. [D-HI], Sen. Warner, John [R-VA], Sen. Burdick, Quentin N. [D-ND], Sen. Heflin, Howell [D-AL], Sen. Stevens, Ted [R-AK], Sen. Lugar, Richard G. [R-IN], Sen. Zorinsky, Edward [D-NE], Sen. D'Amato, Alfonse [R-NY], Sen. Symms, Steven D. [R-ID], Sen. Jepsen, Roger W. [R-IA], Sen. Thurmond, Strom [R-SC], Sen. Huddleston, Walter (Dee) [D-KY], Sen. Bumpers, Dale [D-AR], Sen. Nunn, Sam [D-GA], Sen. Laxalt, Paul D. [R-NV], Sen. Cochran, Thad [R-MS], Sen. Hawkins, Paula [R-FL], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Murkowski, Frank H. [R-AK], Sen. Ford, Wendell H. [D-KY], Sen. Denton, Jeremiah [R-AL], Sen. Exon, J. James [D-NE]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Official sourceView documentsShare

Summary

Mortgage Retirement Account Act of 1983 - Amends the Internal Revenue Code to allow taxpayers an election to treat home mortgage prepayments as a tax deductible contribution to an individual retirement account. Allows amounts to be withdrawn from an individual retirement account for the purchase of a principal residence.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 14 April 1983

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 14 April 1983

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 20 April 1983

    Committee

    Committee on Finance requested executive comment from OMB, Treasury Department.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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