S 2555 · 106th Congress · Taxation

Mortgage Cancellation Relief Act of 2000

Introduced 2000-05-15· Sponsored by Sen. Kerrey, J. Robert [D-NE]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2000-05-15)

Plain Language Summary

[AI summary unavailable — showing source text] Mortgage Cancellation Relief Act of 2000 - Amends the Internal Revenue Code to exclude from individual gross income the discharge of qualified residential indebtedness in excess of the outstanding principal of such indebtedness (prior to discharge) over the sum of any sales proceeds and any other outstanding principal indebtedness secured by the property.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Hatch, Orrin G. [R-UT]UT