[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3692 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3692

 To amend the Internal Revenue Code of 1986 to permanently extend the 
             deductibility of mortgage insurance premiums.


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                   IN THE SENATE OF THE UNITED STATES

                             August 3, 2010

Mrs. Lincoln (for herself and Mr. Crapo) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to permanently extend the 
             deductibility of 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 EXTENSION OF DEDUCTIBILITY OF MORTGAGE INSURANCE 
              PREMIUMS.

    (a) In General.--Section 163(h)(3)(E) of the Internal Revenue Code 
of 1986 is amended by striking clause (iv).
    (b) Effective Date.--The amendment made by this section shall apply 
to amounts paid or accrued, or properly allocable to periods, after 
December 31, 2010.
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