H.R. 5785

To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharges of qualified principal residence indebtedness.

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I

113th CONGRESS

2d Session

H. R. 5785

IN THE HOUSE OF REPRESENTATIVES

December 3, 2014

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

A BILL

To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharges of qualified principal residence indebtedness.

1.

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

Subparagraph (E) of section 108(a)(1) of the Internal Revenue Code of 1986 is amended by striking “which is discharged before January 1, 2014”.