[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5785 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5785

   To amend the Internal Revenue Code of 1986 to make permanent the 
   exclusion from gross income of discharges of qualified principal 
                        residence indebtedness.


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                    IN THE HOUSE OF REPRESENTATIVES

                            December 3, 2014

 Mr. Grayson introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to make permanent the 
   exclusion from gross income of discharges of qualified principal 
                        residence indebtedness.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PERMANENT EXCLUSION FROM GROSS INCOME OF DISCHARGE OF 
              QUALIFIED PRINCIPAL RESIDENCE INDEBTEDNESS.

    Subparagraph (E) of section 108(a)(1) of the Internal Revenue Code 
of 1986 is amended by striking ``which is discharged before January 1, 
2014''.
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