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Proposal:Mortgage Debt Tax Forgiveness Act of 2018

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.
Geographic Scope
National

Description

Mortgage Debt Tax Forgiveness Act of 2018

This bill modifies the rules for calculating taxable income to make permanent the exclusion from gross income of income attributable to the discharge of qualified principal residence indebtedness.

Bill Title

Mortgage Debt Tax Forgiveness Act of 2018

Linked Goals

Steps

  • 2019-01-08: Referred to the House Committee on Ways and Means.
  • 2019-01-08: Introduced in House
  • 2019-01-08: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.