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United States · Bill · HR

H.R. 2640 (114th)

Consumer Debt Forgiveness Tax Relief Act of 2015

referredUnited States· United States Congress· EN

Introduced

3 June 2015

Last action

3 June 2015 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Peters, Scott H. [D-CA-50], Rep. Hunter, Duncan D. [R-CA-50], Rep. Reed, Tom [R-NY-23], Rep. Perlmutter, Ed [D-CO-7], Rep. Sánchez, Linda T. [D-CA-38], Rep. Pittenger, Robert [R-NC-9], Rep. Kuster, Ann M. [D-NH-2]

Subjects

Taxation

Source updated

12 August 2025

Taxation

Summary

Consumer Debt Forgiveness Tax Relief Act of 2015 Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, income that is imputed to the discharge of qualified consumer indebtedness. Defines "qualified consumer indebtedness" as any indebtedness of a natural person arising out of a transaction in which the money, property, or services that are the subject of the transaction are primarily for personal, family, or household purposes. Provides that the aggregate amount of discharged indebtedness excludible from gross income shall not exceed the excess of $2,500 over the aggregate amounts treated as qualified consumer indebtedness for all prior taxable years.

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

Timeline

  1. 3 June 2015

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 3 June 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 June 2015

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 3 June 2015

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 3 June 2015

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 3 June 2015

    Open at official source

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Sponsors

Related records

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Sources

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