H.R. 1690 (106th): Mortgage Cancellation Relief Act of 1999

Introduced:
May 05, 1999 (106th Congress, 1999–2000)
Sponsor:
Rep. Robert “Rob” Andrews [D-NJ1]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 13 (107th) on Jan 03, 2001.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on May 5, 1999, in a previous session of Congress, but was not enacted.

Progress
Introduced May 05, 1999
Cosponsors
12 cosponsors (8D, 3R, 1D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to exclude from gross income of individual taxpayers discharges of indebtedness attributable to certain forgiven residential mortgage obligations.

Summary

No summaries available.

Text

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Last updated May 05, 1999.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/5/1999--Introduced.
Mortgage Cancellation Relief Act of 1999 - Amends the Internal Revenue Code to exclude from individual gross income the discharge of qualified residential indebtedness in excess of the outstanding principal of such indebtedness (prior to discharge) over the sum of any sales proceeds and any other outstanding principal indebtedness secured by the property.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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