A bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt.
Mortgage Debt Tax Relief Act
Amends the Internal Revenue Code to extend through 2016 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-49.
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