Summary

H.R. 4202: To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified principal residence indebtedness. Read More

Status

This bill was introduced on Mar 19, 2012, in a previous session of Congress, but was not passed.

Date Introduced
Mar 19, 2012

Co-Sponsors

d-51

Bill Text

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. EXTENSION OF EXCLUSION FROM GROSS INCOME OF DISCHARGE OF QUALIFIED PRINCIPAL RESIDENCE INDEBTEDNESS.

(a) In General.--Subparagraph (E) of section 108(a)(1) of the Internal Revenue Code of 1986 is amended by striking ``January 1, 2013'' and inserting ``January 1, 2015''. (b) Effective Date.--The amendment made by this section shall apply to indebtedness discharged after December 31, 2012. <all>

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Bill Summary

H.R. 4201the Servicemember Family Protection Act H.R. 4203 Women’s Procurement Program Improvement Act of 2012