To amend the Internal Revenue Code of 1986 to allow a credit against tax for qualified residence interest paid or accrued during the taxable year, and for other purposes.
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Summary
Based on the bill's title, this measure would amend the Internal Revenue Code to allow taxpayers to claim a tax credit (rather than a deduction) for qualified residence interest paid during the tax year. The bill's full provisions and scope are unclear from the title alone. It was referred to the House Ways and Means Committee and has not yet been enacted.
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How your representatives voted
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