H.R. 6109 - Middle Class Mortgage Insurance Premium Act of 2021
H.R. 6109; Middle Class Mortgage Insurance Premium Act of 2021
- AuthorsKind, Rep. Ron
- Institutional AuthorsU.S. House of RepresentativesU.S. House Ways and Means Committee
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsInsurance
- Jurisdictions
- Tax Analysts Document Number2021-44862
- Tax Analysts Electronic Citation2021 TNTF 230-9
117TH CONGRESS
1ST SESSION
H.R. 6109
To amend the Internal Revenue Code of 1980 to increase the income cap for and make permanent the mortgage insurance premium deduction
IN THE HOUSE OF REPRESENTATIVES
Mr. KIND introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to increase the income cap for and make permanent the mortgage insurance premium deduction.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the "Middle Class Mortgage Insurance Premium Act of 2021".
SEC. 2. INCREASING THE INCOME CAP FOR AND MAKING PERMANENT THE MORTGAGE INSURANCE PREMIUM DEDUCTION.
(a) In General. — (1) Section 163(h)(3)(E) of the Internal Revenue Code of 1986 is amended —
(1) in clause (ii), by striking “$100,000 ($50,000)” and inserting "$200,000 ($100,000)”, and
(2) by striking clause (iv).
(b) Effective Date. — The amendments made by this Act shall apply to taxable years beginning after December 31, 2021.
- AuthorsKind, Rep. Ron
- Institutional AuthorsU.S. House of RepresentativesU.S. House Ways and Means Committee
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsInsurance
- Jurisdictions
- Tax Analysts Document Number2021-44862
- Tax Analysts Electronic Citation2021 TNTF 230-9
