I
119th CONGRESS
1st Session
H. R. 917
IN THE HOUSE OF REPRESENTATIVES
February 4, 2025
Ms. Brownley introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharge of qualified principal residence indebtedness.
Section 1. Short title
This Act may be cited as the Mortgage Debt Tax Forgiveness Act of 2025
.
Sec. 2. Permanent extension of exclusion from gross income of discharge of qualified principal residence indebtedness
(a) In general
Section 108(a)(1)(E) of the Internal Revenue Code of 1986 is amended by striking which is discharged
and all that follows and inserting a period.
(b) Effective date
The amendment made by this section shall apply to indebtedness discharged after December 31, 2025.