[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3890 Introduced in House (IH)]

<DOC>






118th CONGRESS
  1st Session
                                H. R. 3890

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              June 7, 2023

 Ms. Brownley 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 make permanent 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. SHORT TITLE.

    This Act may be cited as the ``Mortgage Debt Tax Forgiveness Act of 
2023''.

SEC. 2. PERMANENT 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 ``which is discharged'' and all that 
follows and inserting a period.
    (b) Effective Date.--The amendment made by this section shall apply 
to indebtedness discharged after December 31, 2025.
                                 <all>