HR 4336 · 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 29, 2012 Originated House Sponsor Tom Reed R-NY

Fact sheet Spreadsheet

Latest action · Mar 29, 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 29, 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 2013 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence.

Cosponsors 38

Members who signed on, in the order they did. Signatures ran from Mar 29, 2012 to Dec 11, 2012; 10 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-ILAaron SchockOriginalMar 29, 2012
R-LACharles W. Boustany, Jr.OriginalMar 29, 2012
R-KYGeoff DavisOriginalMar 29, 2012
R-TXKenny MarchantOriginalMar 29, 2012
R-TXKevin BradyOriginalMar 29, 2012
R-KSLynn JenkinsOriginalMar 29, 2012
R-ILPeter J. RoskamOriginalMar 29, 2012
R-NDRick BergOriginalMar 29, 2012
R-FLVern BuchananOriginalMar 29, 2012
R-CAWally HergerOriginalMar 29, 2012
R-NVJoseph J. HeckApr 17, 2012
R-OHMichael R. TurnerApr 26, 2012
R-FLJeff MillerMay 9, 2012
R-FLBill PoseyMay 10, 2012
R-INDan BurtonMay 17, 2012
R-NJFrank A. LoBiondoMay 17, 2012
R-ARTim GriffinMay 17, 2012
R-NYChristopher P. GibsonJun 1, 2012
R-WISean P. DuffyJun 1, 2012
R-MIBill HuizengaJun 5, 2012
R-GATom PriceJun 5, 2012
R-TXRon PaulJun 6, 2012
R-WAJaime Herrera BeutlerJul 11, 2012
R-ILJohn ShimkusJul 18, 2012
R-WIReid J. RibbleJul 31, 2012
R-INTodd YoungAug 2, 2012
R-PACharles W. DentSep 11, 2012
R-PAJoseph R. PittsSep 11, 2012
R-NVMark E. AmodeiSep 11, 2012
R-WIThomas E. PetriSep 11, 2012
R-ILRandy HultgrenSep 18, 2012
R-COCory GardnerSep 21, 2012
R-NCHoward CobleSep 21, 2012
R-PAJim GerlachSep 28, 2012
R-ARSteve WomackNov 27, 2012
R-PAPatrick MeehanNov 28, 2012
R-ORGreg WaldenDec 5, 2012
R-FLGus M. BilirakisDec 11, 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 29, 2012

Actions 2

Everything that happened, newest first.

  1. Mar 29, 2012Introduced in House
  2. Mar 29, 2012Referred to the House Committee on Ways and Means.

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 1, Section 8, Clause 1: Congress has the power to lay and collect taxes

The sponsor’s statement, as printed in the page H1807.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
—HEARING ON CERTAIN EXPIRING TAX PROVISIONS1,240 pagesWays and Means CommitteeApr 26, 2012

Related bills 5

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

BillTitleRelationshipLatest action
S 2250Mortgage Forgiveness Tax Relief ActRelated billMar 29, 2012
S 3224Homeowners and Military Families Tax Fairness ActRelated billMay 23, 2012
HR 4202To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified principal residence indebtedness.Related billMar 19, 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

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 29, 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.