[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6406 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 6406

To amend the Internal Revenue Code of 1986 to extend for two years the 
    exclusion from gross income of discharge of qualified principal 
                        residence indebtedness.


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                    IN THE HOUSE OF REPRESENTATIVES

                           November 30, 2016

 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 extend for two years the 
    exclusion from gross income of discharge 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. EXTENSION OF EXCLUSION FROM GROSS INCOME OF DISCHARGE OF 
              QUALIFIED PRINCIPAL RESIDENCE INDEBTEDNESS.

    (a) In General.--Section 108(a)(1)(E) of the Internal Revenue Code 
of 1986 is amended by striking ``January 1, 2017'' both places it 
appears and inserting ``January 1, 2019''.
    (b) Effective Date.--The amendment made by this section shall apply 
to indebtedness discharged after December 31, 2016.
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