S. 2555 (106th): Mortgage Cancellation Relief Act of 2000

Introduced:
May 15, 2000 (106th Congress, 1999–2000)
Sponsor:
Sen. Robert Kerrey [D-NE]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on May 15, 2000, in a previous session of Congress, but was not enacted.

Progress
Introduced May 15, 2000
Referred to Committee May 15, 2000
Cosponsors
1 cosponsors (1R) (show)
Committees

Senate Finance

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

Full Title

A bill 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

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Text

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Last updated May 15, 2000.
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.

5/15/2000--Introduced.
Mortgage Cancellation Relief Act of 2000 - 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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