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H.R. 917

U.S. HouseIn House Committee

Summary

H.R. 917, the Mortgage Debt Tax Forgiveness Act of 2025, was introduced in the House on Feb 4, 2025 by Rep. Julia Brownley (D). It was referred to Ways And Means, and last saw action on Feb 4, 2025: Referred to the House Committee on Ways and Means.


Record

Text

H.R. 917 has no co-sponsors and has not gone to a roll call.

hb917/introduced-in-house.txt
119 HR 917 IH: Mortgage Debt Tax Forgiveness Act of 2025
U.S. House of Representatives
2025-02-04
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
I 119th CONGRESS 1st Session H. R. 917 IN THE HOUSE OF REPRESENTATIVES February 4, 2025 Ms. Brownley 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 make permanent the exclusion from gross income of discharge of qualified principal residence indebtedness.
1.
Short title
This Act may be cited as the Mortgage Debt Tax Forgiveness Act of 2025 .
2.
Permanent extension of exclusion from gross income of discharge of qualified principal residence indebtedness
(a)
In general
Section 108(a)(1)(E) of the Internal Revenue Code of 1986 is amended by striking which is discharged and all that follows and inserting a period.
(b)
Effective date
The amendment made by this section shall apply to indebtedness discharged after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-02-04
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in House Feb 4, 2025

hb917/introduced-in-house.md

Shown Here:
Introduced in House (02/04/2025)

Mortgage Debt Tax Forgiveness Act of 2025

This bill makes permanent the exclusion of the discharge of qualified principal residence indebtedness from gross income for federal tax purposes.

Under current law, a taxpayer may generally exclude from gross income up to $750,000 (or $375,000 if married but filing a separate federal tax return) from the discharge of indebtedness that is (1) incurred to purchase, build, or substantially improve a principal residence (or refinance such indebtedness); and (2) secured by the principal residence. The discharge must currently occur before January 1, 2026, and some limitations apply.

Sponsors

Rep. Julia Brownley (D) sponsors H.R. 917 alone.

Committees

H.R. 917 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Feb 4, 2025 · 1,160 Bills

Actions

H.R. 917 has taken 2 actions since Feb 4, 2025.

ChamberAction
Feb 4, 2025
House
Introduced in House
Feb 4, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 917 has not gone to a roll call.

Titles

H.R. 917 goes by 3 titles, 1 of them short titles.

  • Mortgage Debt Tax Forgiveness Act of 2025 — Display Title
  • Mortgage Debt Tax Forgiveness Act of 2025 — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharge of qualified principal residence indebtedness. — Official Title as Introduced

Lobbying

1 client hired 1 firm and 2 registered lobbyists who named H.R. 917 in 1 quarterly filing, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Environment/Superfund.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
CITY OF SAN BUENAVENTURA (F/K/A VENTURA WATER (A DEPARTMENT OF THE CITY OF SAN BWater ServicesCalifornia11$20K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
NOSSAMAN LLP11$20K

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
FREDERICK DOMBO111
MARIA MARTIROSYAN ISSAKHANIAN111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CITY OF SAN BUENAVENTURA (F/K/A VENTURA WATER (A DEPARTMENT OF THE CITY OF SAN BNOSSAMAN LLP2026 second_quarter$20K2nd Quarter - Report

Classification

The Congressional Research Service files H.R. 917 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 917’s is Taxation.

hr917/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 917, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 23 (Tuesday, February 4, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. BROWNLEY:H.R. 917.Congress has the power to enact this legislation pursuantto the following:Amendment XVI[Page H460]

Source: congress.gov · legiscan.com