H. R. 6406
IN THE HOUSE OF REPRESENTATIVES
November 30, 2016
Mr. Grayson 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 two years the exclusion from gross income of discharge of qualified principal residence indebtedness.
Extension of exclusion from gross income of discharge of qualified principal residence indebtedness
Section 108(a)(1)(E) of the Internal Revenue Code of 1986 is amended by striking
January 1, 2017 both places it appears and inserting
January 1, 2019.
The amendment made by this section shall apply to indebtedness discharged after December 31, 2016.