H.R. 2276 - Mortgage Insurance Tax Deduction Act of 2021

117TH CONGRESS
1ST SESSION

H.R. 2276

To amend the Internal Revenue Code of 1986 to make
permanent the deduction for mortgage insurance premiums.

IN THE HOUSE OF REPRESENTATIVES

MARCH 29, 2021

Ms. BROWNLEY of California introduced the following bill;
which was referred to the Committee on _____

A BILL

To amend the Internal Revenue Code of 1986 to make permanent the deduction for mortgage insurance premiums.

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 "Mortgage Insurance Tax Deduction Act of 2021".

SEC. 2. DEDUCTION FOR MORTGAGE INSURANCE PREMIUMS MADE PERMANENT.

(a) IN GENERAL. — Section 163(h)(3)(E) of the Internal Revenue Code of 1986 is amended by striking clause (iv).

(b) EFFECTIVE DATE. — The amendment made by this section shall apply to amounts paid or accrued after December 31, 2020.