HR 1702

112th CONGRESS
1st Session

H. R. 1702

To amend the Internal Revenue Code of 1986 to allow the mortgage interest deduction with respect to boats only if the boat is used as the principal residence of the taxpayer.

IN THE HOUSE OF REPRESENTATIVES

May 3, 2011

Mr. QUIGLEY (for himself, Mr. WALZ of Minnesota, and Mr. PETERS) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to allow the mortgage interest deduction with respect to boats only if the boat is used as the principal residence of the taxpayer.

SECTION 1. SHORT TITLE.

SEC. 2. MORTGAGE INTEREST DEDUCTION ALLOWED WITH RESPECT TO BOATS ONLY IF BOAT IS USED AS THE PRINCIPAL RESIDENCE OF THE TAXPAYER.

END