A bill to amend the Internal Revenue Code of 1954 to provide a tax credit to individuals with respect to high mortgage interest rates.

referredUnited States· United States Congress· EN

Introduced

20 February 1975

Last action

20 February 1975 · Introduced

Status

Referred to Senate Committee on Finance.

Summary

Provides an income tax credit under the Internal Revenue Code to individuals with respect to high mortgage interest rates on the taxpayer's principal residence only. States that the amount of the credit shall be equal to the amount by which the amount of interest paid on the mortgage loan exceeds 7 percent.

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

Timeline

20 February 1975
Introduced
Referred to Senate Committee on Finance.
Source: IntroReferral
20 February 1975
Introduced
Introduced in Senate
Source: IntroReferral

Votes

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Versions

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Documents

1 official file

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Introduced in Senate
summary · EN · 20 February 1975
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/senate-bill/778
Open data entity: https://api.congress.gov/v3/bill/94/s/778
us · 94-s-778 · source updated 1 August 2024