H.R.3506 - Foreclosure Tax Relief Act of 2007 Sponsor: Zachary Space / 110th Congress

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Title
110th Congress - 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. hidemore...
Summary
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. (by CRS)
Status
The bill has been introduced.

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