HR 2458 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that certain indebtedness will not be treated as home equity indebtedness for purposes of the limitations on the deductibility of personal interest.

Introduced 1991-05-23· Sponsored by Rep. Guarini, Frank J. [D-NJ-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-05-23)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that home equity indebtedness does not include any indebtedness which is also secured by property other than a qualified residence for purposes of determining the deductibility of personal interest.…

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