[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6322 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 6322

   To amend the Internal Revenue Code of 1986 to make permanent the 
               deduction for mortgage insurance premiums.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 29, 2010

  Mr. Crowley (for himself and Mr. Ryan of Wisconsin) introduced the 
 following bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to make permanent the 
               deduction for mortgage insurance premiums.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PERMANENT DEDUCTION FOR MORTGAGE INSURANCE PREMIUMS.

    (a) In General.--Subparagraph (E) of section 163(h)(3) of the 
Internal Revenue Code of 1986 (relating to mortgage insurance premiums 
treated as interest) is amended by striking clause (iv).
    (b) Effective Date.--The amendment made by this section shall apply 
to amounts paid or accrued after December 31, 2007, and to amounts 
properly allocable to any period after such date.
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