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H.R. 5485 (101st): To provide for the deductibility of certain mortgage interest and real property taxes by Federal employees receiving overseas housing allowances.

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

8/3/1990--Introduced. Provides that a payment or allowance shall be treated as a military housing allowance under the Internal Revenue Code for purposes of the deductibility of mortgage interest and real property taxes, if such payment was provided: (1) to a Federal employee stationed outside the continental United States; and (2) for expenses similar to the expenses for which any military housing allowance is provided.