United States · Bill · HR
H.R. 3357 (98th)
A bill to amend the Internal Revenue Code of 1954 to provide that the discharge of home mortgage loans will not be treated as income.
Introduced
16 June 1983
Last action
—
Status
Referred to Subcommittee on Select Revenue Measures.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to exclude from gross income any amount which would be includible in gross income by reason of the discharge of a home mortgage loan. Limits the excludible amount to the adjusted basis in the principal residence. Reduces the basis of the residence by the amount excluded from gross income.
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Documents
1 official file
Introduced in House
summary · EN · 16 June 1983
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/98th-congress/house-bill/3357
- Open data entity: https://api.congress.gov/v3/bill/98/hr/3357