H.R.3506 - Foreclosure Tax Relief Act of 2007

To amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts of cancellation of indebtedness income on account of a foreclosure on the mortgage secured by the principal residence of the taxpayer. view all titles (2)

All Bill Titles

  • Short: Foreclosure Tax Relief Act of 2007 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts of cancellation of indebtedness income on account of a foreclosure on the mortgage secured by the principal residence of the taxpayer. as introduced.

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News Coverage

10/02/07
Income isn't the issue

We wonder, however, about the income ceiling his HR 3506 would impose. Homeowners with income higher than $100000 would not be eligible. ...

Source: Canton Repository (subscription), OH

Blog Coverage

12/29/07
Analysis of the Proposed Tax Exclu...

Other legislation proposing similar relief has also been introduced (H.R. 1876, H.R. 3506, H.R. 3996, and S. 1394). The President has exp...

12/18/07
analysis of the proposed tax exclu...

other legislation proposing similar relief has also been introduced (hr 1876, hr 3506, hr 3996, and s. 1394). the president has expressed...

10/06/07
michele bachmann on bipartisan deb...

related bills: h.res.703, hr1876, hr3506, s.1394 latest major action: 10/4/2007 referred to senate committee. status: received in the sen...

10/03/07
OpenCongress - U.S. Congress - H.R...

Sep 26, 2007: Committee Consideration and Mark-up Session Held. Sep 25, 2007: Referred to the House Committee on Ways and Means. Introduc...

09/18/07
congress and foreclosure tax relief

a couple of bills (that "simpler" procedure grassley noted) have been introduced: mortgage cancellation relief act of 2007 (hr 1876 in th...

09/09/07
WashingtonWatch.com - H.R. 3506, T...

US Congress: HR 3506, The Foreclosure Tax Relief Act of 2007.

09/06/07
HR 3506, To amend the Internal Rev...

HR 3506 would amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts of cancellation of indebtedness income...

09/06/07
bill action: introduced: hr 3506: ...

zackary space [d-oh] introduced hr 3506: to amend the internal revenue code of 1986 to exclude from gross income certain amounts of cance...

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