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7 November 2013

Will the Mortgage Forgiveness Debt Relief Act be Extended?

We’re not sure, but below are the bills that would do so.   S 1187 Summary: A bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt. Introduced: June 19, 2013 Status: This bill was assigned to the Senate Finance Committee on June 19, 2013 which will consider it before possibly sending it […]

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We’re not sure, but below are the bills that would do so.

 

S 1187

Summary: A bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt.

Introduced: June 19, 2013

Status: This bill was assigned to the Senate Finance Committee on June 19, 2013 which will consider it before possibly sending it on to the House or Senate as a whole. The committee chair determines whether a bill will move past the committee stage.

Sponsor: Sen. Debbie Stabenow (D-MI)

Co-Sponsors (11): Heller, Dean (R-NV)

Isakson, John “Johnny” (R-GA)

Menéndez, Robert “Bob” (D-NJ)

Boxer, Barbara (D-CA) (joined June 27, 2013)

Begich, Mark (D-AK) (joined Oct 29, 2013)

Markey, Edward “Ed” (D-MA) (joined Oct 29, 2013)

Murphy, Christopher (D-CT) (joined Oct 31, 2013)

Whitehouse, Sheldon (D-RI) (joined Nov 05, 2013)

Levin, Carl (D-MI) (joined Nov 06, 2013)

Udall, Tom (D-NM) (joined Nov 06, 2013)

Warren, Elizabeth (D-MA) (joined Nov 06, 2013)

 

H.R. 2788: Mortgage Forgiveness Tax Relief Act

Summary: A bill to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt.

Introduced: July 23, 2013

Status: This bill was assigned to the House Committee of Ways and Means on July 23, 2013 which will consider it before possibly sending it on to the House or Senate as a whole. The committee chair determines whether a bill will move past the committee stage.

Sponsor: Rep. Joseph Heck (R-NV3)

Co-Sponsors (2): Conyers, John (D-MI13) (joined Sep 10, 2013)

Enyart, William (D-IL12) (joined Sep 27, 2013)

 

H.R. 2994: Mortgage Forgiveness Tax Relief Act of 2013

Summary: A bill to amend the Internal Revenue Code of 1986 to extend for 1 year the exclusion from gross income of discharges of qualified principal residence indebtedness.

Introduced: August 2, 2013

Status: This bill was assigned to the House Committee of Ways and Means on August 2, 2013 which will consider it before possibly sending it on to the House or Senate as a whole. The committee chair determines whether a bill will move past the committee stage.

Sponsor: Rep. Tom Reed II (R-NY23)

Co-Sponsors (28): Boustany, Charles (R-LA3)

Brady, Kevin (R-TX8)

Buchanan, Vern (R-FL16)

Capuano, Michael (D-MA7)

Griffin, Tim (R-AR2)

Jenkins, Lynn (R-KS2)

Kind, Ron (D-WI3)

Larson, John (D-CT1)

McGovern, James “Jim” (D-MA2)

Neal, Richard (D-MA1)

Rangel, Charles (D-NY13)

Ribble, Reid (R-WI8)

Roskam, Peter (R-IL6)

Sánchez, Linda (D-CA38)

Thompson, Mike (D-CA5)

Turner, Michael (R-OH10)

Watt, Melvin “Mel” (D-NC12)

Courtney, Joe (D-CT2) (joined Sep 11, 2013)

Michaud, Michael (D-ME2) (joined Sep 11, 2013)

Tierney, John (D-MA6) (joined Sep 11, 2013)

Andrews, Robert “Rob” (D-NJ1) (joined Sep 30, 2013)

Bordallo, Madeleine (D-GU0) (joined Sep 30, 2013)

Cole, Tom (R-OK4) (joined Sep 30, 2013)

Conyers, John (D-MI13) (joined Sep 30, 2013)

Crenshaw, Ander (R-FL4) (joined Sep 30, 2013)

Gardner, Cory (R-CO4) (joined Sep 30, 2013)

Hastings, Alcee (D-FL20) (joined Sep 30, 2013)

Radel, Trey (R-FL19) (joined Sep 30, 2013)

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