H.R.2640: Consumer Debt Forgiveness Tax Relief Act of 2015

About This Bill

Bill Summary

Consumer Debt Forgiveness Tax Relief Act of 2015 Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, income that is imputed to the discharge of qualified consumer indebtedness. Defines "qualified consumer indebtedness" as any indebtedness of a natural person arising out of a transaction in which the money, property, or services that are the subject of the transaction are primarily for personal, family,...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.2640.

Bill Actions

Date Description
June 3, 2015
Referred to the House Committee on Ways and Means.
June 3, 2015

Introduced in the House by Scott Peters (D-Calif.)

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