S.3224: Homeowners and Military Families Tax Fairness Act

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about taxation
  • Introduced May 23, 2012
  • Latest Major Action May 23, 2012

Bill Summary

Homeowners and Military Families Tax Fairness Act - Amends the Internal Revenue Code to: (1) extend through 2015 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence, (2) extend through 2012 the tax deduction for mortgage insurance premiums, and (3) exclude from gross income any National Mortgage Settlement amount. Defines "National Mortgage Settlement amount" as any amount received...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Finance.
May 23, 2012

Introduced in the Senate by Debbie Stabenow (D-Mich.)

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