3.0.0 3224 2019-02-20T23:33:50Z 2019-02-24T08:42:09Z Senate S S 2012-05-23 112 ssfi00 Finance Committee Senate Standing Referred to 2012-05-23T18:51:01Z To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified principal residence indebtedness. 112 4202 HR 2012-03-19 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to provide a 3-year extension of the exclusion of income from the discharge of indebtedness on qualified principal residences. 112 4250 HR 2012-03-22 Referred to the House Committee on Ways and Means. Related bill CRS Homeowner Tax Fairness Act 112 4290 HR 2012-03-28 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified principal residence indebtedness. 112 4336 HR 2012-03-29 Referred to the House Committee on Ways and Means. Related bill CRS Mortgage Forgiveness Tax Relief Act 112 2250 S 2012-03-29 Read twice and referred to the Committee on Finance. Related bill CRS 2012-05-23 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2012-05-23 Introduced in Senate IntroReferral 10000 9 Library of Congress S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI N Taxation Civil actions and liability Housing finance and home ownership Income tax deductions Income tax exclusion Taxation 00 2012-05-23 Introduced in Senate 2012-06-16T15:04:57Z 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 pursuant to the settlement in a legal action against Bank of America Corporation filed in U.S. District Court on March 12, 2012, which is: (1) a payment for transitional assistance; (2) a payment from the Borrower Payment Fund under the National Mortgage Settlement to a borrower whose home was finally sold or taken in foreclosure after December 31, 2007, and before January 1, 2012; or (3) a payment received as a result of a foreclosure that the Attorney General has determined was not in compliance with the Servicemembers Civil Relief Act.

]]> Homeowners and Military Families Tax Fairness Act Short Titles as Introduced Homeowners and Military Families Tax Fairness Act Display Title Homeowners and Military Families Tax Fairness Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to prevent an unfair tax burden for veterans and homeowners who have received assistance from the National Mortgage Settlement, and for other purposes. Introduced in Senate 2012-05-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3224is/xml/BILLS-112s3224is.xml 2012-05-23 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.