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H.R. 5580

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to exclude certain discharges of indebtedness secured by real property from income.
About This Bill
Committee
Latest Action · September 19, 2023
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
September 19, 2023
Cosponsors (7)
5D 2R
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Summary

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Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023 This bill excludes from gross income, for income tax purposes, income attributable to certain discharges of commercial or retail indebtedness secured by real property.

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