H. R. 110
IN THE HOUSE OF REPRESENTATIVES
January 3, 2017
Ms. Brownley of California introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharge of qualified principal residence indebtedness.
This Act may be cited as the
Mortgage Debt Tax Forgiveness Act of 2017.
Permanent 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
which is discharged and all that follows and inserting a period.
The amendment made by this section shall apply to indebtedness discharged after December 31, 2016.