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S 2250 112th Congress Senate

Mortgage Forgiveness Tax Relief Act

Official title: A bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt.

Introduced: September 19, 2012 See on congress.gov
Taxation Housing finance and home ownershipIncome tax exclusion
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 29, 2012
Read twice and referred to the Committee on Finance.
Mar 29, 2012
Introduced in Senate
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 Latest action March 29, 2012

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Mortgage Foregiveness Tax Relief Act - Amends the Internal Revenue Code to extend through 2014 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence.

 Related & companion bills 5
  • HR 4250 Related bill To amend the Internal Revenue Code of 1986 to provide a 3-year extension of the exclusion of income from the discharge …
  • HR 4290 Related bill Homeowner Tax Fairness Act
  • HR 4336 Related bill To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified princip…
  • S 3224 Related bill Homeowners and Military Families Tax Fairness Act
  • HR 4202 Identical bill To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified princip…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 5 Republican 1 Independent 1
D
Blumenthal, Richard
Connecticut · Sep 19, 2012
 I
Sanders, Bernard
Vermont · Jun 25, 2012
 D
Whitehouse, Sheldon
Rhode Island · Jun 25, 2012
 R
Collins, Susan M.
Maine · Jun 12, 2012
 D
Gillibrand, Kirsten E.
New York · May 23, 2012
 D
Klobuchar, Amy
Minnesota · May 23, 2012
 D
Merkley, Jeff
Oregon · Mar 29, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2250: Mortgage Forgiveness Tax Relief Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-2250/
MLA
"S. 2250: Mortgage Forgiveness Tax Relief Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-2250/.
Bluebook (legal)
S. 2250, 112th Cong. (2026), https://openamerica.io/bill/112-S-2250/.
Markdown link
[S. 2250: Mortgage Forgiveness Tax Relief Act](https://openamerica.io/bill/112-S-2250/)
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