# 114-hr-6492: Tax Benefit for Homeownership Clarification Act

114-hr-6492, Tax Benefit for Homeownership Clarification Act, is a 114th Congress bill sponsored by Rep. Ellison, Keith [D-MN-5] (D-MN); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-6492
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-6492
- Congress: 114
- Title: Tax Benefit for Homeownership Clarification Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-12-08
- Sponsor: Rep. Ellison, Keith [D-MN-5] (D-MN)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Tax Benefit for Homeownership Clarification Act This bill amends the Internal Revenue Code to reduce the limitation on the mortgage interest deduction for the acquisition indebtedness of certain taxpayers. (Acquisition indebtedness is indebtedness that: (1) is incurred in acquiring, constructing, or substantially improving any qualified residence of the taxpayer; and (2) is secured by such residence. It also includes refinancing of the debt in certain situations.)

## Related bills

- 114-hr-6532: Liberian Refugee Immigration Fairness Act of 2016
- 114-hr-6428: To amend title XVIII of the Social Security Act to limit Medicare part B premium increases for 2017.
- 114-hr-6382: No Religious Registry Act
- 114-hr-6340: Presidential Accountability Act
- 114-hr-6231: Making College More Affordable Act
- 114-hr-6225: Ensuring Diverse Leadership at the Federal Reserve Act of 2016

## Sources
- [114-hr-6492 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/6492)

## Related
- [114-hr-6532: Liberian Refugee Immigration Fairness Act of 2016](https://policyrisk.com/legislation/114-hr-6532)
- [114-hr-6428: To amend title XVIII of the Social Security Act to limit Medicare part B premiu…](https://policyrisk.com/legislation/114-hr-6428)
- [114-hr-6382: No Religious Registry Act](https://policyrisk.com/legislation/114-hr-6382)
- [114-hr-6340: Presidential Accountability Act](https://policyrisk.com/legislation/114-hr-6340)
- [114-hr-6231: Making College More Affordable Act](https://policyrisk.com/legislation/114-hr-6231)
- [114-hr-6225: Ensuring Diverse Leadership at the Federal Reserve Act of 2016](https://policyrisk.com/legislation/114-hr-6225)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-6492 (as of 2025-11-18).