S.Amdt. 2500
What it does: Adds SEC. __. MORTGAGE FORGIVENESS TAX RELIEF at the end of the bill
Sen. Dean Heller (R-NV)What it changes
1 change to S. 2237 · shown in the bill's text
Adds SEC. __. MORTGAGE FORGIVENESS TAX RELIEF at the end of the bill
Adds a sectionIn S. 2237 · Placed on Calendar Senate
(ii) multiplying the limitation under subparagraph (B)(ii) of such paragraph (as so in effect) by a fraction the numerator of which is the number of days in the taxable year after December 31, 2011, and the denominator of which is the number of days in the taxable year.
Inserted: SEC. __. MORTGAGE FORGIVENESS TAX RELIEF.
Inserted: (a) In General.--Subparagraph (E) of section 108(a)(1) of the Internal Revenue Code of 1986 is amended by striking "January 1, 2013" and inserting "January 1, 2015".
Inserted: (b) Effective Date.--The amendment made by this section shall apply to indebtedness discharged after December 31, 2012.
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2500. Mr. HELLER submitted an amendment intended to be proposed by him to the bill S. 2237, to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes; which was ordered to lie on the table; as follows:
At the end, add the following:
SEC. __. MORTGAGE FORGIVENESS TAX RELIEF.
(a) In General.--Subparagraph (E) of section 108(a)(1) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2013” and inserting “January 1, 2015”.
(b) Effective Date.--The amendment made by this section shall apply to indebtedness discharged after December 31, 2012.
Legislative Activity
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Senate amendment submitted
July 10, 2012