Home Equity Loan Deduction Restoration Act

3.0.0 6817 2023-01-11T13:41:32Z 2023-01-11T13:41:32Z House HR 2018-09-13 115 [Congressional Record Volume 164, Number 153 (Thursday, September 13, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. CAROLYN B. MALONEY of New York:H.R. 6817.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1: The Congress shall havePower to lay and collect Taxes, Duties, Imposts and excises,to pay the Debts and provide for the common Defence andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States.[Page H8727]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-09-13T14:04:25Z 2018-09-13 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-09-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-09-13 Introduced in House IntroReferral 1000 9 Library of Congress M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 N Taxation Housing finance and home ownership Income tax deductions Interest, dividends, interest rates Taxation

00 2018-09-13 Introduced in House 2018-09-21T18:41:04Z Home Equity Loan Deduction Restoration Act

This bill amends the Internal Revenue Code to reinstate the deduction for interest on home equity loans. (Under current law, the deduction is suspended through 2025.)

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Home Equity Loan Deduction Restoration Act Display Title Home Equity Loan Deduction Restoration Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to reinstate the deduction for interest on home equity indebtedness. Introduced in House IH Short Titles as Introduced Home Equity Loan Deduction Restoration Act Introduced in House 2018-09-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6817ih/xml/BILLS-115hr6817ih.xml 2018-09-13 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.