United States · Bill · S
S. 1187 (100th)
Residential Lot Interest Expense Conforming Act of 1987
Introduced
12 May 1987
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
28 August 2025
Summary
Residential Lot Interest Expense Conforming Act of 1987 - Amends the Internal Revenue Code to treat a residential lot as a qualified residence for purposes of the mortgage interest income tax deduction when the taxpayer has purchased such lot for the purpose of building a dwelling unit. Provides for recapture if the lot is used in a trade or business or held for investment.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 12 May 1987
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/senate-bill/1187
- Open data entity: https://api.congress.gov/v3/bill/100/s/1187