[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1977 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 1977

 To amend the Internal Revenue Code of 1986 to extend for 2 years the 
   exclusion from gross income of discharges of qualified principal 
                        residence indebtedness.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 28, 2019

   Mr. Kind (for himself, Mr. Reed, and Mr. Courtney) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to extend for 2 years 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. SHORT TITLE.

    This Act may be cited as the ``Mortgage Forgiveness Tax Relief Act 
of 2019''.

SEC. 2. TWO-YEAR 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, 2018'' each place it 
appears and inserting ``January 1, 2020''.
    (b) Effective Date.--The amendments made by this section shall 
apply to discharges of indebtedness after December 31, 2017.
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