Summary: H.R.3098 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for H.R.3098. Bill summaries are authored by CRS.

Shown Here:
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.