To extend for three years the period during which qualified mortgage bonds and mortgage credit certificates may be issued.

Amends the Internal Revenue Code to extend through 1992 the period during which qualified mortgage bonds and mortgage credit certificates may be issued. (Under current law, authority for these programs is due to expire as of 1990.)

 
HR 1200 IH
101st CONGRESS
1st Session
 H. R. 1200
To extend for three years the period during which qualified mortgage bonds
and mortgage credit certificates may be issued.
IN THE HOUSE OF REPRESENTATIVES
March 1, 1989
Mr. DONNELLY (for himself, Mr. DOWNEY, Mr. RANGEL, Mrs. JOHNSON of Connecticut,
Mr. FLIPPO, Mrs. KENNELLY, Mr. COYNE, Mr. CRANE, Mr. FRENZEL, Mr. VANDER JAGT,
Mr. ANDREWS, Mr. MCGRATH, Mr. CHANDLER, Mr. GUARINI, Mr. MATSUI, Mr. DORGAN
of North Dakota, Mr. MINETA, and Mr. MACHTLEY) introduced the following bill;
which was referred to the Committee on Ways and Means
A BILL
To extend for three years the period during which qualified mortgage bonds
and mortgage credit certificates may be issued.
  Be it enacted by the Senate and House of Representatives of the United States
  of America in Congress assembled, That (a) subparagraph (B) of paragraph
  (1) of section 143(a) of the Internal Revenue Code of 1986 is amended by
  striking `1989' each place it appears and inserting in lieu thereof `1992'.
  (b) Subsection (h) of section 25 of the Internal Revenue Code of 1986 is
  amended by striking `1989' and inserting in lieu thereof `1992'.