H. R. 2994
IN THE HOUSE OF REPRESENTATIVES
August 2, 2013
Mr. Reed (for himself, Mr. Rangel, Mr. Roskam, Mr. Thompson of California, Mr. Brady of Texas, Ms. Linda T. Sánchez of California, Mr. Griffin of Arkansas, Mr. Boustany, Mr. Kind, Mr. Neal, Ms. Jenkins, Mr. Larson of Connecticut, Mr. Watt, Mr. McGovern, Mr. Ribble, Mr. Capuano, Mr. Turner, and Mr. Buchanan) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to extend for 1 year the exclusion from gross income of discharges of qualified principal residence indebtedness.
This Act may be cited as the
Mortgage Forgiveness Tax Relief Act of
1-year extension of 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
January 1, 2014 and inserting
The amendment made by this section shall apply to indebtedness discharged after December 31, 2013.