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Middle Class Mortgage Insurance Premium Act of 2022

12/29/2022, 9:18 PM

Congressional Summary of S 3590

Middle Class Mortgage Insurance Premium Act of 2022

This bill increases the adjusted gross income threshold for the phaseout of the mortgage insurance premium tax deduction and makes such deduction permanent.

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Current Status of Bill S 3590

Bill S 3590 is currently in the status of Bill Introduced since February 7, 2022. Bill S 3590 was introduced during Congress 117 and was introduced to the Senate on February 7, 2022.  Bill S 3590's most recent activity was Read twice and referred to the Committee on Finance. as of February 7, 2022

Bipartisan Support of Bill S 3590

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3590

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 3590

Middle Class Mortgage Insurance Premium Act of 2022
Middle Class Mortgage Insurance Premium Act of 2022
A bill to amend the Internal Revenue Code of 1986 to increase the income cap with respect to the mortgage insurance premium deduction, and to make such deduction permanent.

Comments

Sponsors and Cosponsors of S 3590

Margaret Wood Hassan
Margaret Wood Hassan
New HampshireDemocrat
Roy Blunt
Roy Blunt
MissouriRepublican

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