H.R.2563 - Ending Taxpayer Subsidies for Yachts Act

To amend the Internal Revenue Code of 1986 to allow the mortgage interest deduction with respect to boats only if the boat is used as the principal residence of the taxpayer. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to allow the mortgage interest deduction with respect to boats only if the boat is used as the principal residence of the taxpayer. as introduced.
  • Short: Ending Taxpayer Subsidies for Yachts Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
06/27/13
 
 
 
 
 
 
 

Official Summary

Ending Taxpayer Subsidies for Yachts Act - Amends the Internal Revenue Code to deny a tax deduction for interest paid on a mortgage for a second residence of a taxpayer if that residence is a boat.




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