This definition appears very rarely
and is found in the following Acronym Finder categories:
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- Business, finance, etc.
See other meanings of HMID
Samples in periodicals archive:
But what's arguably most important to the cap rate debate will be the fate of the home mortgage interest deduction.
For example, the home mortgage interest deduction has been called "the 'most sacred tax break in the code,' the 'third rail of tax reform,' a member of the 'Holy Trinity of U.
The home mortgage interest deduction provides further incentive for families to eschew rental housing and smaller, less expensive owner-occupied units in favor of large, single-family houses in the suburbs.
Of the three most expensive ones, the Home Mortgage Interest Deduction was created first, as part of the original tax code in 1913; the preferential tax treatment of employer pensions was established through a hodgepodge of administrative rulings and congressional statues between 1914 and 1926; and the tax-privileged status of employer-provided health benefits resulted from a similar conglomeration of policies during World War II and in the 1950s.
The committee heard presentations on three ideas mentioned as potential changes in the tax code to balance the budget and reduce the deficit: eliminating both the tax exemption on municipal debt and the home mortgage interest deduction, and adding a national value added tax.
GAO-09-769 July 29, 2009 The home mortgage interest deduction is the third most expensive federal income tax expenditure, with the government expected to forgo about $80 billion of revenue for the deduction in 2009.
Home mortgage interest deduction is governed under IRC Sec.
To begin with, the Panel suggested eliminating or capping several popular deductions, such as eliminating the home mortgage interest deduction and replacing it with a 15 percent limited credit.