United States · Bill · S
S. 778 (94th)
A bill to amend the Internal Revenue Code of 1954 to provide a tax credit to individuals with respect to high mortgage interest rates.
Introduced
20 February 1975
Last action
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Status
Referred to Senate Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
1 August 2024
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.
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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 · 20 February 1975
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/94th-congress/senate-bill/778
- Open data entity: https://api.congress.gov/v3/bill/94/s/778