H.R. 4561 · 111th Congress
To amend the Internal Revenue Code of 1986 to provide a limited exclusion from gross income for the discharge…
Full title
To amend the Internal Revenue Code of 1986 to provide a limited exclusion from gross income for the discharge of indebtedness of individuals.
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LewisSponsorNo cosponsors.
Amends the Internal Revenue Code to allow a limited exclusion from gross income for income resulting from the discharge of qualified individual indebtedness.
What it does: CRS summary · Introduced in House · Feb 2, 2010
Amends the Internal Revenue Code to allow a limited exclusion from gross income for income resulting from the discharge of qualified individual indebtedness. Defines "qualified individual indebtedness" as any indebtedness of an individual other than indebtedness which is discharged on account of services performed for the lender or held at any time by a person related to such individual.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to provide a limited exclusion from gross income for the discharge of indebtedness of individuals.
Latest action (Feb 2, 2010): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Feb 2, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.