HR 3247 · 93th Congress · Housing and Community Development

A bill to amend the Internal Revenue Code of 1954 to provide that certain homeowner mortgage interest paid by the Secretary of Housing and Urban Development on behalf of a low-income mortgagor shall not be deductible by such a mortgagor.

Introduced 1973-01-30· Sponsored by Rep. Clawson, Del [R-CA-23]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-01-30)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that homeowner mortgage interest paid as periodic assistance payments by the Secretary of Housing and Urban Development on behalf of a low-income mortgagor shall not be deductible by such a mortgagor under the Internal Revenue Code. (Adds 26 U.S.C. 280)…

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