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- S.2144
S.2144: Mortgage Cancellation Relief Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Feb. 29, 2012
- Latest Major Action Feb. 29, 2012
Bill Sponsor
Bill Summary
Mortgage Cancellation Relief Act of 2012 - Amends the Internal Revenue Code to allow a permanent exclusion from gross income of amounts attributable to the discharge of qualified residential indebtedness, in the case of an individual (currently, limited to principal residence indebtedness discharged before January 1, 2013). Defines "qualified residential indebtedness" to mean indebtedness, including indebtedness from refinancing, that was...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Finance.
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Feb. 29, 2012 |
Introduced in the Senate by Debbie Stabenow (D-Mich.) |