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H.R. 2788House113th Congress (2013-2015)In Committee

Mortgage Forgiveness Tax Relief Act

Sponsored by Joseph J. HeckRep. Joseph J. Heck (R-NV)
Introduced July 23, 2013

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

July 23, 2013

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HouseIntro Referral

Introduced in House

July 23, 2013

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

July 23, 2013

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Introduced in HouseIssued July 23, 2013

I

113th CONGRESS

1st Session

H. R. 2788

IN THE HOUSE OF REPRESENTATIVES

July 23, 2013

Mr. Heck of Nevada introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt.

1.

Short title

This Act may be cited as the Mortgage Forgiveness Tax Relief Act.

2.

Extension of exclusion from gross income of discharge of qualified principal residence indebtedness

(a)

In general

Subparagraph (E) of section 108(a)(1) of the Internal Revenue Code of 1986 is amended by striking January 1, 2014 and inserting January 1, 2016.

(b)

Effective date

The amendment made by this section shall apply to indebtedness discharged after December 31, 2013.