S 338 · 100th Congress · Taxation
A bill to allow homeowners to deduct the full amount of prepaid interest paid in connection with the refinancing of their principal residence for the taxable year in which paid.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(1987-01-20)
Plain Language Summary
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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
Cosponsors (14)
6 Democrats8 Republicans