A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of the cancellation of certain Federal loans made to individuals in the case of certain disasters.

referredUnited States· United States Congress· EN

Introduced

31 July 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Provides, in the case of cancellations of Federal disaster assistance loans made to individuals, that such cancellations shall be excluded from gross income in the same proportion as $15,000 bears to the individual's adjusted gross income.

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Documents

1 official file

Introduced in House
summary · EN · 31 July 1975
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/9135
Open data entity: https://api.congress.gov/v3/bill/94/hr/9135