HR 3712 · 96th Congress · Taxation
Mortgage Subsidy Bond Tax Act of 1979
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Reported to House from the Committee on Ways and Means with amendment, H. Rept. 96-414.(1979-08-31)
Plain Language Summary
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Amends the Internal Revenue Code to deny a tax exclusion of the interest on State and local mortgage subsidy bonds (except those bonds issued to finance housing for veterans). Defines "mortgage subsidy bonds" as bonds which are issued to provide funding for mortgages on owner-occupied residences. Limits the issuance of industrial development bonds for housing purposes to low-or moderate-income rental housing.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
2 Democrats2 Republicans