LACBOR stands with California Association of REALTORS in Opposing AB 1905!
July 17, 2020
Bill That Limits Mortgage Interest Deduction Dies
C.A.R. has been OPPOSING AB 1905 (Chiu), a bill that would have dramatically limited mortgage interest deductibility on primary residences and would have abolished the mortgage interest deduction for second homes. AB 1905 was scheduled for a vote on May 20th in the Assembly Housing Committee. At the last minute, the bill’s author chose not to pursue the bill further and pulled the bill from the committee agenda. This was the only opportunity for the bill to be voted on, so it’s effectively “dead” for this year.
To read more about current house-related bills, visit the C.A.R. website at the following link. https://tinyurl.com/car-legislative-update71720