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116TH CONGRESS
1ST SESSION H. R. 1977
To amend the Internal Revenue Code of 1986 to extend for 2 years the
exclusion from gross income of discharges of qualified principal residence
indebtedness.
IN THE HOUSE OF REPRESENTATIVES
MARCH 28, 2019
Mr. KIND (for himself, Mr. REED, and Mr. COURTNEY) introduced the
following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to extend
for 2 years the exclusion from gross income of discharges
of qualified principal residence indebtedness.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Mortgage Forgiveness
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Tax Relief Act of 2019’’.
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•HR 1977 IH
SEC. 2. TWO-YEAR EXTENSION OF EXCLUSION FROM GROSS
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INCOME OF DISCHARGE OF QUALIFIED PRIN-
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CIPAL RESIDENCE INDEBTEDNESS.
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(a) IN GENERAL.—Section 108(a)(1)(E) of the Inter-
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nal Revenue Code of 1986 is amended by striking ‘‘Janu-
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ary 1, 2018’’ each place it appears and inserting ‘‘January
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1, 2020’’.
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(b) EFFECTIVE DATE.—The amendments made by
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this section shall apply to discharges of indebtedness after
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December 31, 2017.
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