2015 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Bill Title:||Relating to the mortgage interest deduction; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.|
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.
|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|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|