H.R. 6405 — Introduced in House

I 114th CONGRESS 2d Session H. R. 6405 IN THE HOUSE OF REPRESENTATIVES November 30, 2016Mr. Grayson 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 extend for one year the exclusion from gross income of discharge of qualified principal residence indebtedness. 1. 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 January 1, 2017 both places it appears and inserting January 1, 2018. (b) Effective date The amendment made by this section shall apply to indebtedness discharged after December 31, 2016.