,,ii #aaeth ,,congress #ast ,session ,s4 #abb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #ab1 #bjag,mr4 ,heller 7for himself1 ,ms4 ,stabenow1 ,mr4 ,isakson1 and ,mr4 ,menendez7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to prevent homeowners from being forced to pay taxes on forgiven mortgage loan debt4 #a4 ,short title ,this ,act may be cited as the ,mortgage ,debt ,tax ,relief ,act4 #b4 ,extension of exclusion from gross income of discharge of qualified principal residence indebtedness 7a7 ,in general ,subparagraph 7,e7 of section #ajh7;a77#a7 of the ,internal ,revenue ,code of #aihf is amended by striking ,january #a1 #bjag each place it appears and inserting ,january #a1 #bjai4 7b7 ,effective date ,the amendment made by this section shall apply to indebtedness discharged after ,december #ca1 #bjaf4