Mortgage Forgiveness Tax Relief Act of 2013

H.R. 2994 · 113th Congress · Aug 2, 2013 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to extend for 1 year the exclusion from gross income of discharges of qualified principal residence indebtedness.

Section 1 Short title

This Act may be cited as the “Mortgage Forgiveness Tax Relief Act of 2013”.

Sec. 2 1-year extension of exclusion from gross income of discharge of qualified principal residence indebtedness

(a)

In general— Subparagraph (E) of section 108(a)(1) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2014” and inserting “January 1, 2015”.

(b)

Effective date— The amendment made by this section shall apply to indebtedness discharged after December 31, 2013.

Lineage

Aug 2, 2013viewing Introduced in House Mr. Reed (for himself, Mr. Rangel, Mr. Roskam, Mr. Thompson of California, Mr. Brady of Texas, Ms. Linda T. Sánchez of California, Mr. Griffin of Arkansas, Mr. Boustany, Mr. Kind, Mr. Neal, Ms. Jenkins, Mr. Larson of Connecticut, Mr. Watt, Mr. McGovern, Mr. Ribble, Mr. Capuano, Mr. Turner, and Mr. Buchanan) introduced the following bill; which was referred to the Committee on Ways and Means

Mortgage Forgiveness Tax Relief Act of 2013

Section 1 Short title

Sec. 2 1-year extension of exclusion from gross income of discharge of qualified principal residence indebtedness

Cite this provision

Incoming references