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2015 Regular Session
Overview
At the request of: (at the request of House Interim Committee on Revenue)
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to the mortgage interest deduction; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary: Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer's principal residence if taxpayer's federal adjusted gross income exceeds $125,000, or $250,000 if reported on joint return.
Applies to tax years beginning on or after January 1, 2015. Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact: May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact: May Have Revenue Impact, But No Statement Yet Issued
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: In House Committee
Current Committee: House Committee On Revenue
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
Scheduled Events