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United States · Bill · HR

H.R. 4290 (112th)

Homeowner Tax Fairness Act

referredUnited States· United States Congress· EN

Introduced

28 March 2012

Last action

28 March 2012 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. McDermott, Jim [D-WA-7], Rep. Larson, John B. [D-CT-1], Rep. Berkley, Shelley [D-NV-1], Rep. Levin, Sander M. [D-MI-12], Rep. Rangel, Charles B. [D-NY-15], Rep. Stark, Fortney Pete [D-CA-13], Rep. Lewis, John [D-GA-5], Rep. Neal, Richard E. [D-MA-1], Rep. Becerra, Xavier [D-CA-34], Rep. Doggett, Lloyd [D-TX-37], Rep. Thompson, Mike [D-CA-4], Rep. Blumenauer, Earl [D-OR-3], Rep. Kind, Ron [D-WI-3], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Crowley, Joseph [D-NY-14], Rep. Conyers, John, Jr. [D-MI-13], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Rush, Bobby L. [D-IL-1], Rep. Deutch, Theodore E. [D-FL-22], Rep. Towns, Edolphus [D-NY-10], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Clarke, Hansen [D-MI-13], Rep. McGovern, James P. [D-MA-2], Rep. Gutierrez, Luis V. [D-IL-4], David Scott, Rep. Cummings, Elijah E. [D-MD-7], Rep. Davis, Susan A. [D-CA-53], Rep. Lofgren, Zoe [D-CA-18], Rep. Tsongas, Niki [D-MA-3], Rep. McNerney, Jerry [D-CA-9], Rep. Davis, Danny K. [D-IL-7], Rep. Ross, Mike [D-AR-4], Sen. Baldwin, Tammy [D-WI], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Castor, Kathy [D-FL-14], Rep. Filner, Bob [D-CA-51], Rep. Cicilline, David N. [D-RI-1], Sen. Schiff, Adam B. [D-CA], Rep. Woolsey, Lynn C. [D-CA-6], Sen. Hirono, Mazie K. [D-HI], Rep. Honda, Michael M. [D-CA-15], Rep. Smith, Adam [D-WA-9], Rep. Connolly, Gerald E. [D-VA-11], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Lynch, Stephen F. [D-MA-8], Rep. Chu, Judy [D-CA-28], Rep. Waters, Maxine [D-CA-43]

Subjects

Taxation

Source updated

6 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Homeowner Tax Fairness Act - Amends the Internal Revenue Code to: (1) extend through 2015 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence, (2) extend through 2014 the tax deduction for mortgage insurance premiums, (3) exclude from gross income any National Mortgage Settlement amount, and (4) deny a tax deduction for any National Mortgage Settlement amount paid in exchange for a full release of the potential civil claims of the United States under the Servicemembers Civil Relief Act. Defines "National Mortgage Settlement amount" as any amount received pursuant to the settlement in a legal action against Bank of America Corporation filed in U.S. District Court on March 12, 2012, which is: (1) a payment for transitional assistance; (2) a payment from the Borrower Payment Fund under the National Mortgage Settlement to a borrower whose home was finally sold or taken in foreclosure after December 31, 2007, and before January 1, 2012; or (3) a payment received as a result of a foreclosure or excess charge of interest that the Department of Justice (DOJ) has determined was not in compliance with the Servicemembers Civil Relief Act.

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

Timeline

  1. 28 March 2012

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 28 March 2012

    Introduced

    Sponsor introductory remarks on measure. (CR E477)

    Source: IntroReferral

  3. 28 March 2012

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 28 March 2012

    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 · 28 March 2012

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  • Introduced in House (PDF)

    Introduced in House · EN · 28 March 2012

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  • Introduced in House

    summary · EN · 28 March 2012

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Sponsors

Showing 48 of 52 sponsors and actors.

Related records

Sources

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