Summary: H.R.3357 — 98th Congress (1983-1984)All Information (Except Text)

There is one summary for H.R.3357. Bill summaries are authored by CRS.

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Introduced in House (06/16/1983)

Amends the Internal Revenue Code to exclude from gross income any amount which would be includible in gross income by reason of the discharge of a home mortgage loan. Limits the excludible amount to the adjusted basis in the principal residence. Reduces the basis of the residence by the amount excluded from gross income.