To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharges of qualified principal residence indebtedness.

Bill: 114-hr-2166
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2015-04-30
Policy area: Taxation
Subjects: Housing finance and home ownership

Income tax exclusion
Latest action: action_date: 2015-04-30
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2015-04-30
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to make permanent the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2166 IN THE HOUSE OF REPRESENTATIVES April 30, 2015 Mr. Grayson introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharges of qualified principal residence indebtedness.

1. PERMANENT 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 which is discharged before January 1, 2015 .