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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

5 May 1999 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Andrews, Robert E. [D-NJ-1], Rep. Foley, Mark [R-FL-16], Rep. Green, Gene [D-TX-29], Rep. Herger, Wally [R-CA-2], Rep. Brown, George E., Jr. [D-CA-42], Rep. Vento, Bruce F. [D-MN-4], Rep. Filner, Bob [D-CA-51], Rep. Strickland, Ted [D-OH-6], Rep. Matsui, Robert T. [D-CA-5], Rep. Rohrabacher, Dana [R-CA-48], Rep. Boucher, Rick [D-VA-9], Rep. Pallone, Frank [D-NJ-6], Rep. Larson, John B. [D-CT-1]

Subjects

Taxation

Source updated

20 August 2025

Taxation

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 5 May 1999

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 5 May 1999

    Introduced

    Sponsor introductory remarks on measure. (CR E874-875)

    Source: IntroReferral

  3. 5 May 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 May 1999

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 5 May 1999

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 5 May 1999

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 5 May 1999

    Open at official source

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Sponsors

Related records

Sources

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