HR 4637 · 105th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow an interest deduction for contingent interest on a shared appreciation mortgage.

Introduced 1998-09-25· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1998-09-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit, as an interest deduction, the deduction of contingent interest on a shared appreciation mortgage. Defines the term "contingent interest."…

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