To amend the Internal Revenue Code of 1986 to allow the deduction for interest on acquisition indebtedness on principal residences to all individuals, whether or not they itemize their other deductions.
Other Bill Titles (1 more) 9/20/2007--Introduced.
Amends the Internal Revenue Code to allow an individual taxpayer to deduct from gross income interest incurred to acquire, construct, improve, or refinance a principal residence, whether or not such taxpayer itemizes other income tax deductions.
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Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| September 20, 2007 |
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Blog Coverage
October 31, 2007 MBA: Proposed Cramdown Legislation Could Add Two Points to ...
Iâd noted in some highly-read commentary published here at HW in early October that I thought the proposed bill (HR 3608) would end up being a misdirected legislative ploy that would hurt consumers. Read more about the proposed bill ...
Source: Housing Wire
September 25, 2007 Emergency Home Ownership and Mortgage Equity Protection Act (HR 3608)
Called the Emergency Home Ownership and Mortgage Equity Protection Act (HR 3608), the bill would make it possible for a bankruptcy court to restructure a home mortgage â meaning...
Source: Smyths toy store
September 24, 2007 Bankruptcy Bill Would Repeal Mortgage Exception
The sponsors of the bill (HR 3608) are also talking with Democratic leaders to see how they can expedite passage of the Emergency HOME Act, one staffer said. depreciation, Foreclosure Market, Mortgage Backed Securities, mortgage bubble, ...
Source: Consumer Mortgage Reports










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