Mortgage Cancellation Relief Act of 2007

Fact Sheet API

Bill Number

S 1394

Introduced

May 15, 2007

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Debtor and creditor Finance and Financial Sector Housing and Community Development Income tax Mortgages Tax exclusion Taxation

Full Text

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Votes

Summary

Mortgage Cancellation Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income amounts attributable to the discharge of certain residential mortgage obligations.

Actions

May 15, 2007

Sponsor introductory remarks on measure. (CR S6131)
May 15, 2007

Introduced in Senate
May 15, 2007

Read twice and referred to the Committee on Finance.

Amendments

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