H.R. 3941

To amend the Internal Revenue Code of 1986 to extend for one year the deduction for mortgage insurance premiums.

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I

113th CONGRESS

2d Session

H. R. 3941

IN THE HOUSE OF REPRESENTATIVES

January 28, 2014

Mr. Grayson introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to extend for one year the deduction for mortgage insurance premiums.

1.

Extension of mortgage insurance premiums treated as qualified residence interest

(a)

In general

Subclause (I) of section 163(h)(3)(E)(iv) of the Internal Revenue Code of 1986 is amended by striking December 31, 2013 and inserting December 31, 2014.

(b)

Effective date

The amendments made by this section shall apply to amounts paid or accrued after December 31, 2013.