S. 31 — A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes.

Summary

Amends the Internal Revenue Code to allow an exclusion from gross income for income attributable to the discharge of indebtedness relating to securities issued by certain financial entities and discharged after December 31, 2008, and before January 1, 2011.

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Related Legislation

H.R. 683To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes.
2009-01-26Referred to the House Committee on Ways and Means.
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S. 33A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes.
2009-01-07Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
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Legislative Actions

2009-01-06
Introduced in Senate
2009-01-06
Read twice and referred to the Committee on Finance.

A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes.

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