H.R.3098 - Mortgage Insurance Fairness Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Ryan, Paul [R-WI-1] (Introduced 06/28/2005)|
|Committees:||House - Ways and Means|
|Latest Action:||06/28/2005 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.3098 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (06/28/2005)
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.