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

Amends the Internal Revenue Code to make permanent the tax deduction for mortgage insurance premiums.

[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1813 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1813

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 29, 2007

 Mr. Levin (for himself, Mr. Ryan of Wisconsin, Mr. Lewis of Georgia, 
Mr. Herger, Mr. Tanner, Mr. Camp of Michigan, Mr. Emanuel, Mr. English 
of Pennsylvania, Ms. Berkley, Mr. Weller of Illinois, Mr. Crowley, Mr. 
    Lewis of Kentucky, Ms. Schwartz, and Mr. Cantor) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 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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