Mortgage Forgiveness Tax Relief Act of 2015

H.R. 1002 · 114th Congress · Feb 13, 2015 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to extend for 2 years 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 2015”.

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

(a)

In general— Section 108(a)(1)(E) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2015” and inserting “January 1, 2017”.

(b)

Effective date— The amendment made by this section shall apply to indebtedness discharged after December 31, 2014.

Lineage

Feb 13, 2015viewing Introduced in House Mr. Reed (for himself, Mr. Rangel, Mr. Heck of Nevada, Mr. Paulsen, Mr. Young of Indiana, Mr. Tiberi, Mr. Buchanan, Mr. Schock, Mr. Neal, Mr. Thompson of California, Mr. Larson of Connecticut, Mr. Kind, Mr. McDermott, Mr. Blumenauer, Mr. Kelly of Pennsylvania, and Mr. Pascrell) introduced the following bill; which was referred to the Committee on Ways and Means

Mortgage Forgiveness Tax Relief Act of 2015

Section 1 Short title

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

Cite this provision

Incoming references