US Codex
Bill
Notes

Mortgage Forgiveness Tax Relief Act of 2017

H.R. 2543 · 115th Congress · May 18, 2017 · 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 2017”.

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, 2017” and inserting “January 1, 2019”.
(b)
Effective date— The amendment made by this section shall apply to indebtedness discharged after December 31, 2016.