Saving Our MALLS Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4115 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4115 To amend the Internal Revenue Code of 1986 to exclude certain discharges of indebtedness secured by real property from income. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 24, 2025 Ms. Tenney (for herself, Mr. Tonko, Mr. Lawler, and Mr. Ryan) 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 exclude certain discharges of indebtedness secured by real property from income. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2025'', or the ``Saving Our MALLS Act''. SEC. 2. EXCLUDING DISCHARGE OF COMMERCIAL OR RETAIL INDEBTEDNESS FROM INCOME. (a) In General.--Section 108(a)(1) of the Internal Revenue Code of 1986 is…