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United States · Bill · HR

H.R. 1690 (106th)

Mortgage Cancellation Relief Act of 1999

referredUnited States· United States Congress· EN

Introduced

5 May 1999

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

Mortgage Cancellation Relief Act of 1999 - Amends the Internal Revenue Code to exclude from individual gross income the discharge of qualified residential indebtedness in excess of the outstanding principal of such indebtedness (prior to discharge) over the sum of any sales proceeds and any other outstanding principal indebtedness secured by the property.

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Documents

3 official files

Introduced in House (text)

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Sources

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