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HR 2640 114th Congress House

Consumer Debt Forgiveness Tax Relief Act of 2015

Official title: To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for discharge of consumer indebtedness.

Introduced: December 1, 2015 Introduced by: Peters, Scott H. Democratic · California See on congress.gov
Taxation Consumer creditIncome tax exclusion
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Jun 3, 2015
Referred to the House Committee on Ways and Means.
Jun 3, 2015
Introduced in House
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 Latest action June 3, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Consumer Debt Forgiveness Tax Relief Act of 2015

Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, income that is imputed to the discharge of qualified consumer indebtedness. Defines "qualified consumer indebtedness" as any indebtedness of a natural person arising out of a transaction in which the money, property, or services that are the subject of the transaction are primarily for personal, family, or household purposes. Provides that the aggregate amount of discharged indebtedness excludible from gross income shall not exceed the excess of $2,500 over the aggregate amounts treated as qualified consumer indebtedness for all prior taxable years.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
Pittenger, Robert
· Jun 9, 2016
 D
Sánchez, Linda T.
California · Dec 1, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2640: Consumer Debt Forgiveness Tax Relief Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2640/
MLA
"H.R. 2640: Consumer Debt Forgiveness Tax Relief Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2640/.
Bluebook (legal)
H.R. 2640, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2640/.
Markdown link
[H.R. 2640: Consumer Debt Forgiveness Tax Relief Act of 2015](https://openamerica.io/bill/114-HR-2640/)
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