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.

Summary

Amends the Internal Revenue Code to allow homeowners to deduct the full amount of prepaid interest in connection with the refinancing of their principal residences for the taxable year in which paid.

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

Timeline

1. 20 January 1987

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 20 January 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 20 January 1987

  Open at official source

Sponsors

• Sen. Pryor, David H. [D-AR] · D · Sponsor
• Sen. Boren, David L. [D-OK] · D · Sponsor
• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Trible, Paul S., Jr. [R-VA] · R · Sponsor
• Sen. Melcher, John [D-MT] · D · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Cosponsor
• Sen. Grassley, Chuck [R-IA] · R · Cosponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Cosponsor
• Sen. Exon, J. James [D-NE] · D · Cosponsor
• Sen. Bumpers, Dale [D-AR] · D · Cosponsor
• Sen. Durenberger, Dave [R-MN] · R · Cosponsor
• Sen. Boschwitz, Rudy [R-MN] · R · Cosponsor
• Sen. Cranston, Alan [D-CA] · D · Cosponsor
• Sen. Symms, Steven D. [R-ID] · R · Cosponsor
• Sen. Kasten, Robert W., Jr. [R-WI] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → 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.
• related to → 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.