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- H.R.516
H.R.516: Tax Benefit for Homeownership Clarification Act
About This Bill
- Introduced Jan. 13, 2017
- Latest Major Action Jan. 13, 2017
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Jan. 13, 2017
Bill Summary
Tax Benefit for Homeownership Clarification Act This bill amends the Internal Revenue Code to reduce the limitation on the mortgage interest deduction for the acquisition indebtedness of certain taxpayers. (Acquisition indebtedness is indebtedness that: (1) is incurred in acquiring, constructing, or substantially improving any qualified residence of the taxpayer; and (2) is secured by such residence. It also includes refinancing of the debt...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Jan. 13, 2017 |
Referred to the House Committee on Ways and Means.
|
| Jan. 13, 2017 |
Introduced in the House by Keith Ellison (D-Minn.) |