To amend the Internal Revenue Code of 1986 to provide a credit for early payment of principal on certain home mortgages and to reduce the amount which may be treated as acquisition indebtedness for purposes of determining the home mortgage interest deduction.
The bill’s titles are written by its sponsor.
Sponsor. Representative for Ohio's 13th congressional district. Democrat.
Last Updated: Jun 14, 2016
Length: 6 pages
Jun 14, 2016
114th Congress, 2015–2017
Died in a previous Congress
This bill was introduced on June 14, 2016, in a previous session of Congress, but was not enacted.
Jun 14, 2016
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 5480 (114th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not enacted by the end of a Congress is cleared from the books.
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Civic Impulse. (2017). H.R. 5480 — 114th Congress: BEAM Act of 2016. Retrieved from https://www.govtrack.us/congress/bills/114/hr5480
“H.R. 5480 — 114th Congress: BEAM Act of 2016.” www.GovTrack.us. 2016. December 12, 2017 <https://www.govtrack.us/congress/bills/114/hr5480>
|title=H.R. 5480 (114th)
|accessdate=December 12, 2017
|author=114th Congress (2016)
|date=June 14, 2016
|quote=BEAM Act of 2016
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