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- H.R.1690
H.R.1690: Mortgage Cancellation Relief Act of 1999
About This Bill
- This bill was introduced in the 106th Congress
- This bill is primarily about taxation
- Introduced May 5, 1999
- Latest Major Action May 5, 1999
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
12 (10 Democrats, 3 Republicans)
Bill Summary
Mortgage Cancellation Relief Act of 1999 - Amends the Internal Revenue Code to exclude from individual gross income the discharge of qualified residential indebtedness in excess of the outstanding principal of such indebtedness (prior to discharge) over the sum of any sales proceeds and any other outstanding principal indebtedness secured by the property.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| May 5, 1999 |
Introduced in the House by Robert E. Andrews (D-N.J.) |