New Legislation Would Extend Mortgage Cancellation Relief

April 2, 2012

Three bills have been introduced by members of the tax-writing committees that would extend the 2007 mortgage cancellation relief that is currently scheduled to expire at the end of 2012. Senators Stabenow (D-MI) and Heller (R-NV) have introduced S 2250 along with several bipartisan cosponsors. Almost all members of the House Ways and Means Committee have cosponsored either H.R. 4336 (Reed -- R-NY) or H.R. 4202 (Rangel - D-NY). While these bills are unlikely to move as stand-alone legislation, having these extensions introduced as separate legislation underscores their... Read More
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