S 608
114th Congress
Senate
Taxation
Housing finance and home ownership
Income tax exclusion
Mortgage Forgiveness Tax Relief Act
Introduced: February 27, 2015
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 2015
Read twice and referred to the Committee on Finance.
Feb 27, 2015
Introduced in Senate
Plain-English summary
Mortgage Forgiveness Tax Relief Act
Amends the Internal Revenue Code, as amended by the Tax Increase Prevention Act of 2014, to extend the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence that was discharged subject to an arrangement entered into and evidenced in writing before January 1, 2017.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1