S.1394 - Federal Government - A bill to amend the Internal Revenue Code of 1986, to exclude from gross income of individual taxpayers discharges of indebtedness attributable to certain forgiven residential mortgage obligations.

Please upgrade your Flash Player Home > Federal Government > S.1394 Tagged in: Debtor and creditor, Finance, Housing, Income tax, Mortgages, Tax exclusion, Taxation Latest Update: Friday, July, 25th 2008 A bill to amend the Internal Revenue Code of 1986, to exclude from gross income of individual taxpayers discharges of indebtedness attributable to certain forgiven residential mortgage obligations. 5/15/2007--Introduced. Mortgage Cancellation Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income amounts attributable to the discharge of certain residential mortgage obligations. Comment on Bill - Be the first to leave a comment! Latest Actions 05/15/2007 - Sponsor introductory remarks on measure. (CR S6131) 05/15/2007 - Read twice and referred to the Committee on Finance. Bill Text File name Last Updated S.1394 Introduced in Senate 08/31/2007

Important People Sponsor Debbie Stabenow Co-Sponsor(s) Amy Klobuchar Bill Nelson Carl Levin Charles E. Schumer George V. Voinovich Harry Reid Jack Reed John F. Kerry Joseph I. Lieberman Ken Salazar Norm Coleman Olympia J. Snowe Orrin G. Hatch Sherrod Brown Tom Harkin Latest News Searching for articles... You can suggest an article. Paste URL. Articles are subject to approval.