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- H.R.4637
H.R.4637: To amend the Internal Revenue Code of 1986 to allow an interest deduction for contingent interest on a shared appreciation mortgage.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Sept. 25, 1998
- Latest Major Action Sept. 25, 1998
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to permit, as an interest deduction, the deduction of contingent interest on a shared appreciation mortgage. Defines the term "contingent interest."
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Sept. 25, 1998 |
Introduced in the House by Nick Smith (R-Mich.) |