Summary: H.R.7269 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.7269. Bill summaries are authored by CRS.

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Introduced in House (10/03/2008)

Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of a qualified mortgage or mortgage-related security held for more than one year. Defines "qualified mortgage or mortgage-related security" as any residential or commercial mortgage (or any security, obligation, or other instrument that is based on or related to such a mortgage) that was originated or issued on or before March 14, 2008, and was acquired by the taxpayer after the enactment of this Act and before January 1, 2009.