H.R. 3098 · 109th Congress
Mortgage Insurance Fairness Act of 2005
- Stage
- In committee
- Sponsor
- Paul Ryan
- Introduced
- 2005-06-28
- Latest action
- 2005-06-28 · Introduced in House
Summary
Mortgage Insurance Fairness Act of 2005 - Amends the Internal Revenue Code to allow a tax deduction for mortgage insurance premiums. Reduces the amount of such deduction for taxpayers with adjusted gross incomes exeeding $100,000.
Authorizes the Secretary of the Treasury to require informational returns from any individual who receives payment of more than $600 in mortgage insurance premiums.