US HB516 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2017 - 25% progression, died in committee
Action: 2017-01-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2017 - 25% progression, died in committee
Action: 2017-01-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
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 in certain situations.)
Title
Tax Benefit for Homeownership Clarification Act
Sponsors
| Rep. Keith Ellison [D-MN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-01-13 | House | Referred to the House Committee on Ways and Means. |
| 2017-01-13 | House | Introduced in House |
Same As/Similar To
HB1146 (Related) 2017-02-16 - Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/516/all-info |
| Text | https://www.congress.gov/115/bills/hr516/BILLS-115hr516ih.pdf |
