S 2250 · 112th Congress 2011–2013, ended

Mortgage Forgiveness Tax Relief Act

Introduced Mar 29, 2012 Originated Senate Sponsor Debbie Stabenow D-MI

Fact sheet

Latest action · Mar 29, 2012 Read twice and referred to the Committee on Finance.

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 SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Mortgage Foregiveness Tax Relief Act - 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 19

Members who signed on, in the order they did. Signatures ran from Mar 29, 2012 to Sep 19, 2012, with 5 there on the day it was introduced.

SeatCosponsorSigned on
R-NVDean HellerOriginalMar 29, 2012
D-ORJeff MerkleyOriginalMar 29, 2012
R-GAJohnny IsaksonOriginalMar 29, 2012
D-NJRobert MenendezOriginalMar 29, 2012
D-OHSherrod BrownOriginalMar 29, 2012
D-CABarbara BoxerMay 16, 2012
D-MDBenjamin L. CardinMay 16, 2012
D-HIDaniel K. InouyeMay 16, 2012
D-CTJoseph I. LiebermanMay 16, 2012
D-FLBill NelsonMay 17, 2012
D-MNAmy KlobucharMay 23, 2012
D-MICarl LevinMay 23, 2012
D-NYKirsten E. GillibrandMay 23, 2012
R-MESusan M. CollinsJun 12, 2012
I-VTBernard SandersJun 25, 2012
Show all 19 cosponsors

Actions 2

Everything that happened, newest first.

  1. Mar 29, 2012Introduced in Senate
  2. Mar 29, 2012Read twice and referred to the Committee on Finance.

Related bills 5

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

BillTitleRelationshipLatest action
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.Identical 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
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

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 Senate

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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.