PoliticalRepoPoliticalRepo

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.

referredUnited States· United States Congress· EN

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.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.