II 111th CONGRESS 2d Session S. 3692 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 A BILL To amend the Internal Revenue Code of 1986 to permanently extend the deductibility of mortgage insurance premiums.

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.