HR 4202 · 112th Congress 2011–2013, ended

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

Introduced Mar 19, 2012 Originated House Sponsor Charles B. Rangel D-NY

Fact sheet Spreadsheet

Latest action · Mar 19, 2012 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMar 19, 2012
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Amends the Internal Revenue Code to extend through 2014 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence.

Cosponsors 51

Members who signed on, in the order they did. Signatures ran from Mar 19, 2012 to Dec 31, 2012; 13 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-NJBill Pascrell, Jr.OriginalMar 19, 2012
D-OREarl BlumenauerOriginalMar 19, 2012
D-CAFortney Pete StarkOriginalMar 19, 2012
D-WAJim McDermottOriginalMar 19, 2012
D-CTJohn B. LarsonOriginalMar 19, 2012
D-GAJohn LewisOriginalMar 19, 2012
D-NYJoseph CrowleyOriginalMar 19, 2012
D-CAMike ThompsonOriginalMar 19, 2012
D-MARichard E. NealOriginalMar 19, 2012
D-WIRon KindOriginalMar 19, 2012
D-MISander M. LevinOriginalMar 19, 2012
D-NVShelley BerkleyOriginalMar 19, 2012
D-CAXavier BecerraOriginalMar 19, 2012
D-TXLloyd DoggettMar 20, 2012
D-CAGeorge MillerMar 26, 2012
D-MIHansen ClarkeApr 26, 2012
D-OHMarcia L. FudgeApr 26, 2012
D-CAAdam B. SchiffMay 16, 2012
D-CABrad ShermanMay 16, 2012
D-ILJanice D. SchakowskyMay 16, 2012
D-ARMike RossMay 16, 2012
D-NJSteven R. RothmanMay 16, 2012
D-CAAnna G. EshooMay 18, 2012
D-MAJames P. McGovernMay 18, 2012
D-CTJoe CourtneyMay 18, 2012
D-TXSheila Jackson LeeMay 18, 2012
D-IABruce L. BraleyMay 31, 2012
D-MEChellie PingreeMay 31, 2012
D-OKDan BorenMay 31, 2012
D-CAHenry A. WaxmanMay 31, 2012
D-GAHenry C. "Hank" Johnson, Jr.May 31, 2012
D-MEMichael H. MichaudMay 31, 2012
D-ILMike QuigleyMay 31, 2012
D-INAndré CarsonJun 8, 2012
D-CAJerry McNerneyJun 8, 2012
D-DCEleanor Holmes NortonJun 19, 2012
D-MIJohn Conyers, Jr.Jun 19, 2012
D-NYKathleen C. HochulJun 20, 2012
D-CAZoe LofgrenJun 20, 2012
D-CABarbara LeeJul 24, 2012
D-CAJoe BacaAug 2, 2012
D-OHMarcy KapturAug 2, 2012
D-NYLouise McIntosh SlaughterSep 11, 2012
D-NCMelvin L. WattSep 11, 2012
D-CAMichael M. HondaSep 11, 2012
D-CAJim CostaSep 21, 2012
D-PAChaka FattahOct 19, 2012
D-GUMadeleine Z. BordalloNov 13, 2012
D-ILBobby L. RushNov 15, 2012
D-MAJohn F. TierneyNov 29, 2012
D-MAMichael E. CapuanoDec 31, 2012

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Mar 19, 2012

Actions 2

Everything that happened, newest first.

  1. Mar 19, 2012Introduced in House
  2. Mar 19, 2012Referred to the House Committee on Ways and Means.

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

WhereIn the RecordMembersDate
HouseLists H1390H.R. 4202–4213—Mar 19, 2012

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article XVI of the Constitution--Congress shall have power to lay and collect taxes on incomes . . .

The sponsor’s statement, as printed in the page H1390.

Related bills 5

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 2250Mortgage Forgiveness Tax Relief ActIdentical billMar 29, 2012
S 3224Homeowners and Military Families Tax Fairness ActRelated billMay 23, 2012
HR 4250To amend the Internal Revenue Code of 1986 to provide a 3-year extension of the exclusion of income from the discharge of indebtedness on qualified principal residences.Related billMar 22, 2012
HR 4290Homeowner Tax Fairness ActRelated billMar 28, 2012
HR 4336To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified principal residence indebtedness.Related billMar 29, 2012

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified principal residence indebtedness.

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Mar 19, 2012Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.