summary
Introduced
01/03/2017
01/03/2017
In Committee
01/03/2017
01/03/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Mortgage Debt Tax Forgiveness Act of 2017 This bill amends the Internal Revenue Code to make permanent the exclusion from gross income of income attributable to the discharge of qualified principal residence indebtedness.
AI Summary
This bill amends the Internal Revenue Code to make permanent the exclusion from gross income of income attributable to the discharge of qualified principal residence indebtedness. This means that homeowners who have had their mortgage debt forgiven or canceled will not have to pay taxes on that forgiven debt, which can provide financial relief to those who have faced foreclosure or other mortgage-related hardships.
Committee Categories
Budget and Finance
Sponsors (13)
Julia Brownley (D)*,
Mo Brooks (R),
Salud Carbajal (D),
Colleen Hanabusa (D),
Alcee Hastings (D),
Walter Jones (R),
Ann Kuster (D),
Betty McCollum (D),
Grace Meng (D),
Grace Napolitano (D),
Dutch Ruppersberger (D),
Dina Titus (D),
Paul Tonko (D),
Last Action
Referred to the House Committee on Ways and Means. (on 01/03/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/110/all-info |
| BillText | https://www.congress.gov/115/bills/hr110/BILLS-115hr110ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr110/BILLS-115hr110ih.pdf.pdf |
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