Buyer Encouragement Act

[AI summary unavailable — showing source text] Buyer Encouragement Act - Amends the Internal Revenue Code to allow a deduction for personal interest paid or accrued on indebtedness which is incurred: (1) after the earlier of December 31, 1991, or the date of enactment of this Act; and (2) on or before the date which is 18 months after such enactment. Declares that such allowance does not apply to indebtedness which is incurred to refinance any indebtedness incurred on or before the applicable date.…