H. R. 1977
IN THE HOUSE OF REPRESENTATIVES
March 28, 2019
Mr. Kind (for himself, Mr. Reed, and Mr. Courtney) 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 2019.
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, 2018 each place it appears and inserting
January 1, 2020.
The amendments made by this section shall apply to discharges of indebtedness after December 31, 2017.