H. R. 2543
IN THE HOUSE OF REPRESENTATIVES
May 18, 2017
Mr. Reed (for himself and Mr. Kind) 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 2 years 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 2017.
Two-year 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 and inserting
January 1, 2019.
The amendment made by this section shall apply to indebtedness discharged after December 31, 2016.