end of MID tax breaks Archives

Controversial Home Mortage Deduction Cap Bill Withdrawn in Assembly

May 21, 2020 4:30 pmMay 21, 2020 7:26 pm

On Tuesday, the divisive Assembly Bill 1905, which would have limited mortgage interest deductions (MIDs) on primary and secondary homes to fund homeless programs, was withdrawn only hours before it was scheduled to be heard during the Assembly Housing and...

Proposed Bill Would Remove Deductions from Secondary Homes to Fund Homeless Programs

January 13, 2020 1:25 pmJanuary 14, 2020 7:11 am

Vacation homes, rental homes, and other types of secondary housing would lose their mortgage interest deductions (MID) to fund new statewide homeless initiatives under a new bill announced Thursday. AB 1905 and the end of MID tax breaks Assembly Bill...