Section 1 Extension of exclusion from gross income of discharge of qualified principal residence indebtedness
In general— Section 108(a)(1)(E) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2017” both places it appears and inserting “January 1, 2018”.
Effective date— The amendment made by this section shall apply to indebtedness discharged after December 31, 2016.