117th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to make permanent the deduction for mortgage insurance premiums.
March 29, 2021
Ms. Brownley introduced the following bill; which was referred to the Committee on Ways and Means
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,
This Act may be cited as the “Mortgage Insurance Tax Deduction Act of 2021”.
SEC. 2. Deduction for mortgage insurance premiums made permanent.
(a) In general.—Section 163(h)(3)(E) of the Internal Revenue Code of 1986 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, 2020.