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S. 688 (113th): A bill to permanently extend the private mortgage insurance tax deduction.


The text of the bill below is as of Apr 9, 2013 (Introduced). The bill was not enacted into law.


II

113th CONGRESS

1st Session

S. 688

IN THE SENATE OF THE UNITED STATES

April 9, 2013

(for herself andMr. Crapo) introduced the following bill; which was read twice and referred to theCommittee on Finance

A BILL

To permanently extend the private mortgage insurance tax deduction.

1.

Permanent extension of deduction for mortgage insurance premiums

(a)

In general

Subparagraph (E) of section 163(h)(3) of the Internal Revenue Code of 1986is amended by strikingclause (iv).

(b)

Effective date

The amendment made by this section shall apply to amounts paid or accrued after December 31, 2013, and to amounts properly allocable to periods after such date.