Mortgage Tax Cut Extension Act

Mortgage Tax Cut Extension Act - Amends the Internal Revenue Code to extend through 2015 the tax deduction for mortgage insurance premiums.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3995 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 3995

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 5, 2014

Mr. Braley of Iowa 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 extend 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. SHORT TITLE.

    This Act may be cited as the ``Mortgage Tax Cut Extension Act''.

SEC. 2. EXTENSION OF DEDUCTION FOR MORTGAGE INSURANCE PREMIUMS.

    (a) In General.--Section 163(h)(3)(E)(iv)(I) of the Internal 
Revenue Code of 1986 is amended by striking ``December 31, 2013'' and 
inserting ``December 31, 2015''.
    (b) Effective Date.--The amendment made by this section shall apply 
to amounts paid or incurred after December 31, 2013.
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