HR 667 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to permit homeowners to deduct points incurred in connection with the purchase, improvement, or refinancing of a residence.

Introduced 1987-01-21· Sponsored by Rep. McGrath, Raymond J. [R-NY-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-01-21)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow homeowners to deduct the full amount of prepaid interest in connection with the refinancing of their principal residences for the taxable year in which paid.…

Summarized by Claude AI · Non-partisan · For informational purposes only