Mortgage Forgiveness Tax Relief Act
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.
- IntroducedMar 29, 2012
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- 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; 5 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NV | Dean Heller | Original | Mar 29, 2012 |
| D-OR | Jeff Merkley | Original | Mar 29, 2012 |
| R-GA | Johnny Isakson | Original | Mar 29, 2012 |
| D-NJ | Robert Menendez | Original | Mar 29, 2012 |
| D-OH | Sherrod Brown | Original | Mar 29, 2012 |
| D-CA | Barbara Boxer | May 16, 2012 | |
| D-MD | Benjamin L. Cardin | May 16, 2012 | |
| D-HI | Daniel K. Inouye | May 16, 2012 | |
| I-CT | Joseph I. Lieberman | May 16, 2012 | |
| D-FL | Bill Nelson | May 17, 2012 | |
| D-MN | Amy Klobuchar | May 23, 2012 | |
| D-MI | Carl Levin | May 23, 2012 | |
| D-NY | Kirsten E. Gillibrand | May 23, 2012 | |
| R-ME | Susan M. Collins | Jun 12, 2012 | |
| I-VT | Bernard Sanders | Jun 25, 2012 | |
| R-MA | Scott P. Brown | Jun 25, 2012 | |
| D-RI | Sheldon Whitehouse | Jun 25, 2012 | |
| D-AR | Mark L. Pryor | Sep 19, 2012 | |
| D-CT | Richard Blumenthal | Sep 19, 2012 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 29, 2012 |
Actions 2
Everything that happened, newest first.
- Mar 29, 2012Introduced in Senate
- Mar 29, 2012Read twice and referred to the Committee on Finance.
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.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S3463 | Dean Heller R-NV | May 23, 2012 |
Related bills 5
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3224 | Homeowners and Military Families Tax Fairness Act | Related bill | May 23, 2012 |
| HR 4202 | To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified principal residence indebtedness. | Identical bill | Mar 19, 2012 |
| HR 4250 | To 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 bill | Mar 22, 2012 |
| HR 4290 | Homeowner Tax Fairness Act | Related bill | Mar 28, 2012 |
| HR 4336 | To amend the Internal Revenue Code of 1986 to extend the exclusion from gross income of discharges of qualified principal residence indebtedness. | Related bill | Mar 29, 2012 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt.
- Short Titles as Introduced
- Mortgage Forgiveness Tax Relief Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 29, 2012Introduced in Senate
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.
