h 559 46331 1190692800 false 1191525360 1198126800 56 3648 45443 110 400333

12/20/2007--Public Law. (This measure has not been amended since it was passed by the Senate on December 14, 2007. The summary of that version is repeated here.)<br/>Mortgage Forgiveness Debt Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income amounts attributable to a discharge, prior to January 1, 2010, of indebtedness incurred to acquire a principal residence. Limits to $2 million the excludable amount of such indebtedness. Reduces the basis of a principal residence by the amount of discharged indebtedness excluded from gross income. Disallows an exclusion for a discharge of indebtedness on account of services performed for the lender or any other factor not directly related to a decline in the value of the residence or to the financial condition of the taxpayer. Sets forth rules for determining the allowable amount of the exclusion for taxpayers with nonqualifying indebtedness and taxpayers who are insolvent. Extends through 2010 the tax deduction for mortgage insurance premiums. Sets forth alternative tests for qualifying as a cooperative housing corporation for purposes of the tax deduction for payments to such corporations. Qualifies a corporation if: (1) 80% or more of the total square footage of the corporation's property is used or available for use by its tenant-stockholders for residential purposes, or (2) 90% of the corporation's expenditures are for the acquisition, construction, management, maintenance, or care of its property for the benefit of the tenant-stockholders. Allows members of a qualified volunteer emergency response organization (i.e., an organization that provides firefighting and emergency medical services) an exclusion from gross income for state and local tax benefits and for certain payments for services. Terminates such exclusion after 2010.<br/>Allows certain full-time students who are single parents and their children to live in housing units eligible for the low-income housing tax credit provided that their children are not dependents of another individual (other than a parent of such children).<br/>Allows a surviving spouse to exclude from gross income up to $500,000 of the gain from the sale or exchange of a principal residence owned jointly with a deceased spouse if the sale or exchange occurs within two years of the death of the spouse and other ownership and use requirements have been met. Increases the penalty for failure to file a partnership tax return and extends from five to 12 the number of months in which such penalty may be imposed. Limits disclosure of tax return information that includes individual taxpayer identify information.<br/>Imposes an additional penalty on S corporations for failure to file required tax returns.<br/>Amends the Tax Increase Prevention and Reconciliation Act of 2005 to increase the estimated tax payment due in the third quarter of 2012 for corporations with assets of at least $1 billion.<br/>

1198126800 2007-12-20 Fri Nov 07 01:37:53 -0600 2008 introduced 46331 '1986':8 'code':6 'amend':2 'gross':18 'incom':19 'resid':16 'exclud':10 'intern':4 'purpos':23 'revenu':5 'princip':15 'discharg':11 'indebted':13 52378 false official enacted 46331 'act':5 '2007':7 'debt':3 'forgiv':2 'relief':4 'mortgag':1 56034 false short passed senate 46331 'act':5 '2007':7 'debt':3 'forgiv':2 'relief':4 'mortgag':1 56033 false short passed house 46331 'act':5 '2007':7 'debt':3 'forgiv':2 'relief':4 'mortgag':1 53362 true short reported to house 46331 'act':5 '2007':7 'debt':3 'forgiv':2 'relief':4 'mortgag':1 52514 false short signed 46331 1198126800 Thu Dec 20 00:00:00 -0600 2007 141614 Signed by President. R000053 1930-06-11 9048 2354 Rayburn House Office Building https://forms.house.gov/rangel/forms/contact.shtml 15 202-225-0816 Charles 'd':4 'ny':5 '-15':6 'rep':1 'charl':2,7,9 'rangel':3,8,10 M 400333 Rangel Charles_B._Rangel B. Rep. Charles Rangel [D, NY-15] 4035 N00000964 13792 Democrat 202-225-4365 Roman Catholic NY Charlie Charles Rangel 1.24561403508772 http://www.house.gov/rangel/ RepRangel A000210 1957-08-04 2567 2439 Rayburn House Building http://www.house.gov/andrews/contact_form_za.shtml 1 Robert 'd':4 '-1':6 'nj':5 'rep':1 'rob':9 'andrew':3,8,11 'robert':2,7,10 M 400008 Andrews Robert_E._Andrews E. Rep. Robert Andrews [D, NJ-1] 1143 Rob N00000826 8500 Democrat 202-225-6501 Episcopalian NJ Rob Robert Andrews 2.27777777777778 http://www.house.gov/andrews/ B001231 1951-01-20 3446 405 Cannon House Office Building http://berkley.house.gov/contact/email.html 1 202-225-3119 Shelley 'd':4 '-1':6 'nv':5 'rep':1 'berkley':3,8,10 'shelley':2,7,9 F 400024 Berkley Shelley_Berkley Rep. Shelley Berkley [D, NV-1] 1716 N00009818 7560 Democrat 202-225-5965 Jewish NV Shelley Berkley 1.66666666666667 http://berkley.house.gov/ B000574 1948-08-16 4220 2267 Rayburn House Office Building http://blumenauer.house.gov/index.php?option=com_email_form&Itemid=206 3 202-225-8941 Earl 'd':4 '-3':6 'rep':1 'earl':2,7,9 'blumenau':3,8,10 M 400033 Blumenauer Earl_Blumenauer Rep. Earl Blumenauer [D, OR-3] 1872 N00007727 7214 Democrat 202-225-4811 OR Earl Blumenauer 3.92307692307692 http://blumenauer.house.gov/ B001247 1943-10-05 1354 414 Cannon House Office Building https://forms.house.gov/brown-waite/IMA/issue_subscribe.htm 5 202-226-6559 Virginia 'r':6 '-5':8 'fl':7 'rep':1 'wait':5,12,17 'brown':4,11,16 'ginni':13 'virginia':2,9,14 'brown-wait':3,10,15 F 400051 Brown-Waite Ginny_Brown-Waite Rep. Virginia Brown-Waite [R, FL-5] 361 Ginny N00024777 8959 Republican 202-225-1002 Catholic FL Ginny Virginia Brown-Waite 3.4 http://brown-waite.house.gov/ C001038 1962-03-16 2011 312 Cannon House Office Building https://forms.house.gov/crowley/contact.shtml 7 202-225-1909 Joseph 'd':4 '-7':6 'ny':5 'rep':1 'joseph':2,7,9 'crowley':3,8,10 M 400087 Crowley Joseph_Crowley Rep. Joseph Crowley [D, NY-7] 775 N00001127 6776 Democrat 202-225-3965 Roman Catholic NY Joe Joseph Crowley 0.142857142857143 http://crowley.house.gov/ E000287 1959-11-29 6712 5 Rahm 'd':4 '-5':6 'il':5 'rep':1 'rahm':2,7,9 'emanuel':3,8,10 M 400120 Emanuel Rahm_Emanuel Rep. Rahm Emanuel [D, IL-5] 2658 N00024813 7510 Democrat Jewish IL Rahm Emanuel 3.0 E000187 1956-06-20 442 Philip 'phil':5 'philip':1,3,6 'english':2,4,7 M 400123 English Phil_English Philip English 97 Phil N00001427 5090 Republican Roman Catholic Philip English F000043 1956-11-21 2193 2301 Rayburn House Office Building http://fattah.house.gov/?sectionid=8&sectiontree=8 2 202-225-5392 Chaka 'd':4 '-2':6 'pa':5 'rep':1 'chaka':2,7,9 'fattah':3,8,10 M 400130 Fattah Chaka_Fattah Rep. Chaka Fattah [D, PA-2] 1192 N00001746 6436 Democrat 202-225-4001 Baptist PA Chaka Fattah 3.0 http://www.house.gov/fattah/ G000554 3869 502 Cannon House Office Building http://giffords.house.gov/contact/mailing-list/ 8 202-225-0378 Gabrielle 'd':4 '-8':6 'az':5 'rep':1 'gifford':3,8,10 'gabriell':2,7,9 F 412188 Giffords Gabrielle_Giffords Rep. Gabrielle Giffords [D, AZ-8] 2258 N00027829 9253 Democrat 202-225-2542 AZ Gabrielle Giffords 2.89655172413793 http://giffords.house.gov/contact/mailing-list/ giffords2 G000309 1949-01-24 1961 2310 Rayburn House Office Building http://gordon.house.gov/contact/index.shtml 6 202-225-6887 Barton 'd':4 '-6':6 'tn':5 'rep':1 'bart':9 'barton':2,7,10 'gordon':3,8,11 M 400155 Gordon Bart_Gordon Jennings Rep. Barton Gordon [D, TN-6] 869 Bart N00003126 9393 Democrat 202-225-4231 Methodist TN Barton Gordon 5.5 http://gordon.house.gov/ H001032 1948-10-15 4027 1019 Longworth House Office Building http://www.holt.house.gov/contact.shtml 12 202-225-6025 Rush 'd':4 'nj':5 '-12':6 'rep':1 'holt':3,8,10 'rush':2,7,9 M 400184 Holt Rush_D._Holt Dew Rep. Rush Holt [D, NJ-12] 1774 N00000860 7354 Democrat 202-225-5801 Protestant NJ Rush Holt http://www.holt.house.gov RushHolt L000557 1948-07-22 3078 1005 Longworth House Office Building http://www.house.gov/writerep 1 202-225-1031 John 'd':4 '-1':6 'ct':5 'rep':1 'john':2,7,9 'larson':3,8,10 M 400233 Larson John_B._Larson B. Rep. John Larson [D, CT-1] 1399 N00000575 6823 Democrat 202-225-2265 CT John Larson 1.85714285714286 http://www.house.gov/larson/index.htm L000263 1931-09-06 1796 1236 Longworth House Office Building http://www.house.gov/levin/levin_contact_email.shtml 12 202-226-1033 Sander 'd':4 'mi':5 '-12':6 'rep':1 'levin':3,8,10 'sander':2,7,9 M 400238 Levin Sander_M._Levin M. Rep. Sander Levin [D, MI-12] 1104 N00003950 6627 Democrat 202-225-4961 Jewish MI Sandy Sander Levin 2.66666666666667 http://www.house.gov/levin MI12yes M000087 1948-02-19 6044 2331 Rayburn House Office Building http://maloney.house.gov/index.php?option=com_email_form&Itemid=73 14 202-225-4709 Carolyn 'd':4 'ny':5 '-14':6 'rep':1 'carolyn':2,7,9 'maloney':3,8,10 F 400251 Maloney Carolyn_B._Maloney B. Rep. Carolyn Maloney [D, NY-14] 2956 N00000078 7709 Democrat 202-225-7944 Presbyterian NY Carolyn Maloney 2.2 http://maloney.house.gov/ M000404 1936-12-28 2549 1035 Longworth House Office Building http://www.house.gov/mcdermott/contact.shtml 7 202-225-6197 James 'd':4 '-7':6 'wa':5 'jim':9 'rep':1 'jame':2,7,10 'mcdermott':3,8,11 M 400262 McDermott Jim_McDermott A. Rep. James McDermott [D, WA-7] 885 Jim N00009829 10361 Democrat 202-225-3106 Episcopalian WA Jim James McDermott 4.71428571428571 http://www.house.gov/mcdermott/ M001148 1966-09-06 3778 1039 Longworth House Office Building http://kendrickmeek.house.gov/contact1.shtml 17 202-226-0777 Kendrick 'd':4 'fl':5 '-17':6 'rep':1 'meek':3,8,10 'kendrick':2,7,9 M 400270 Meek Kendrick_B._Meek Brett Rep. Kendrick Meek [D, FL-17] 1796 N00025692 6517 Democrat 202-225-4506 Baptist FL Kendrick Meek 4.33333333333333 http://kendrickmeek.house.gov/ KendrickBMeek N000002 1947-06-13 4484 2334 Rayburn House Office Building http://www.house.gov/nadler/emailform.shtml 8 202-225-6923 Jerrold 'd':4 '-8':6 'ny':5 'rep':1 'nadler':3,8,10 'jerrold':2,7,9 M 400289 Nadler Jerrold_Nadler L. Rep. Jerrold Nadler [D, NY-8] 1733 N00000939 7250 Democrat 202-225-5635 Jewish NY Jerrold Nadler 3.33333333333333 http://www.house.gov/nadler/ N000015 1949-02-14 1746 2208 Rayburn House Office Building http://www.house.gov/neal/write_neal.html 2 202-225-8112 Richard 'd':4 '-2':6 'ma':5 'rep':1 'neal':3,8,10 'richard':2,7,9 M 400291 Neal Richard_E._Neal E. Rep. Richard Neal [D, MA-2] 679 N00000153 6403 Democrat 202-225-5601 Roman Catholic MA Richard Neal 2.22222222222222 http://www.house.gov/neal/ P000096 1937-01-25 1555 2464 Rayburn House Office Building http://pascrell.house.gov/contact/ 8 202-225-5782 William 'd':4 '-8':6 'nj':5 'rep':1 'bill':9 'pascrel':3,8,11 'william':2,7,10 M 400309 Pascrell Bill_Jr.Pascrell J. Rep. William Pascrell [D, NJ-8] 472 Bill N00000751 5797 Democrat 202-225-5751 Catholic NJ Bill William Pascrell 0.5 http://www.pascrell.house.gov/ P000422 1952-09-02 3128 1501 Longworth House Office Building http://www.house.gov/formpomeroy/zipauth.htm 0 202-226-0893 Earl 'd':4 '-0':6 'nd':5 'rep':1 'earl':2,7,9 'pomeroy':3,8,10 M 400323 Pomeroy Earl_Pomeroy Ralph Rep. Earl Pomeroy [D, ND-0] 2151 N00008113 7496 Democrat 202-225-2611 Presbyterian ND Earl Pomeroy 5.0 http://www.pomeroy.house.gov/ earlpomeroy R000033 1946-05-06 226 James 'jim':5 'jame':1,3,6 'ramstad':2,4,7 M 400332 Ramstad Jim_Ramstad M. James Ramstad 25 Jim N00004484 5239 Republican Protestant James Ramstad S001162 1948-10-03 1970 423 Cannon House Office Building http://schwartz.house.gov/issue_subscribe.shtml 13 202-226-0611 Allyson 'd':4 'pa':5 '-13':6 'rep':1 'allyson':2,7,9 'schwartz':3,8,10 F 400647 Schwartz Allyson_Y._Schwartz Y. Rep. Allyson Schwartz [D, PA-13] 727 N00001579 6254 Democrat 202-225-6111 PA Allyson Schwartz 2.71428571428571 http://schwartz.house.gov/ RepAllysonSchwartz S001173 1518 315 Cannon House Office Building http://space.house.gov/?sectionid=61&sectiontree=26,61 18 (202) 225-3394 Zachary 'd':4 'oh':5 '-18':6 'rep':1 'zack':9 'space':3,8,11 'zachari':2,7,10 M 412229 Space Zack_Space T. Rep. Zachary Space [D, OH-18] 647 Zack N00027902 6440 Democrat 202-225-6265 OH Zack Zachary Space 3.75 http://space.house.gov/ S000810 1931-11-11 2046 239 Cannon House Office Building http://www.house.gov/stark/contact/index.htm 13 202-226-3805 Fortney 'd':4 'ca':5 '-13':6 'rep':1 'pete':9 'stark':3,8,11 'fortney':2,7,10 M 400387 Stark Fortney_Pete_Stark H. Rep. Fortney Stark [D, CA-13] 618 Pete N00007397 6694 Democrat 202-225-5065 Unitarian CA Pete Fortney Stark 3.85714285714286 http://www.house.gov/stark/ repstark V000128 1959-01-10 2070 1707 Longworth House Office Building http://vanhollen.house.gov/HoR/MD08/Contact+Information/Web+Contact/Contact+Form.htm 8 202-225-0375 Christopher 'd':5 '-8':7 'md':6 'rep':1 'van':3,9,13 'chris':11 'hollen':4,10,14 'christoph':2,8,12 M 400415 Van Hollen Chris_Van_Hollen Rep. Christopher Van Hollen [D, MD-8] 1034 Chris N00013820 7835 Democrat 202-225-5341 Episcopalian MD Chris Christopher Van Hollen 1.1 http://vanhollen.house.gov signed 46331 1198126800 Thu Dec 20 00:00:00 -0600 2007 141614 Signed by President. enacted 46331 1198126800 Thu Dec 20 00:00:00 -0600 2007 141670 Became Public Law No: 110-142. topresident 46331 1198040400 Wed Dec 19 00:00:00 -0600 2007 141613 Presented to President. action 46331 1198009380 Tue Dec 18 16:23:00 -0600 2007 140761 On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. action 46331 1198007940 Tue Dec 18 15:59:00 -0600 2007 140760 Mrs. Jones (OH) moved that the House suspend the rules and agree to the Senate amendment. action 46331 1198007940 Tue Dec 18 15:59:00 -0600 2007 154620 DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendment to H.R.3648. topresident 46331 1197954000 Tue Dec 18 00:00:00 -0600 2007 141147 Cleared for White House. action 46331 1197608400 Fri Dec 14 00:00:00 -0600 2007 139834 Measure laid before Senate by unanimous consent. action 46331 1197608400 Fri Dec 14 00:00:00 -0600 2007 139836 Message on Senate action sent to the House. vote 46331 1197608400 Fri Dec 14 00:00:00 -0600 2007 by Unanimous Consent 139835 pass Passed Senate with an amendment by Unanimous Consent. vote2 s action 46331 1197608400 Fri Dec 14 00:00:00 -0600 2007 139833 Senate Committee on Finance discharged by Unanimous Consent. action 46331 1191554280 Thu Oct 04 12:18:00 -0500 2007 131611 Rule H. Res. 703 passed House. vote 46331 1191521760 Thu Oct 04 15:16:00 -0500 2007 roll 138062 pass On passage Passed by recorded vote: 386 - 27 (Roll No. 948). vote h vote 46331 1191521760 Thu Oct 04 15:16:00 -0500 2007 roll 131617 pass On passage Passed by the Yeas and Nays: 386 - 27 (Roll No. 948). vote h action 46331 1191521280 Thu Oct 04 15:08:00 -0500 2007 131616 On motion to recommit with instructions Failed by the Yeas and Nays: 201 - 212, 1 Present (Roll no. 947). action 46331 1191519840 Thu Oct 04 14:44:00 -0500 2007 131615 The previous question on the motion to recommit with instructions was ordered without objection. action 46331 1191519360 Thu Oct 04 14:36:00 -0500 2007 131613 The previous question was ordered pursuant to the rule. action 46331 1191519360 Thu Oct 04 14:36:00 -0500 2007 131614 Mr. Cantor moved to recommit with instructions to Ways and Means. action 46331 1191519360 Thu Oct 04 14:36:00 -0500 2007 154619 DEBATE - The House proceeded with ten minutes of debate on the Cantor motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment striking sections 5 and 6 from the bill. action 46331 1191516600 Thu Oct 04 13:50:00 -0500 2007 154618 DEBATE - The House proceeded with one hour of debate on H.R. 3648. action 46331 1191516480 Thu Oct 04 13:48:00 -0500 2007 154617 Rule provides for consideration of H.R. 3648 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution, shall be considered as adopted. action 46331 1191516480 Thu Oct 04 13:48:00 -0500 2007 131612 Considered under the provisions of rule H. Res. 703. action 46331 1191470400 Thu Oct 04 00:00:00 -0500 2007 131618 Received in the Senate and Read twice and referred to the Committee on Finance. action 46331 1191361560 Tue Oct 02 18:46:00 -0500 2007 131223 Rules Committee Resolution H. Res. 703 Reported to House. Rule provides for consideration of H.R. 3648 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution, shall be considered as adopted. calendar 46331 1191258900 Mon Oct 01 14:15:00 -0500 2007 131069 Placed on the Union Calendar, Calendar No. 220. action 46331 1191258840 Mon Oct 01 14:14:00 -0500 2007 131068 Reported (Amended) by the Committee on Ways and Means. H. Rept. 110-356. action 46331 1190779200 Wed Sep 26 00:00:00 -0500 2007 130525 Committee Consideration and Mark-up Session Held. calendar 46331 1190779200 Wed Sep 26 00:00:00 -0500 2007 130526 Ordered to be Reported (Amended) by Voice Vote. introduced 46331 1190692800 Tue Sep 25 00:00:00 -0500 2007 130261 action 46331 1190692800 Tue Sep 25 00:00:00 -0500 2007 130262 Referred to the House Committee on Ways and Means. 19 386 46331 Thu Oct 04 14:16:00 -0500 2007 true 4205 27 948 94 0 On Passage: H R 3648 Mortgage Forgiveness Debt Relief Act of 2007. true 1/2 Passed On Passage Thu Oct 04 14:51:00 -0500 2007 house 18 201 46331 Thu Oct 04 14:08:00 -0500 2007 false 3947 212 947 39 1 On Motion to Recommit with Instructions: H R 3648 Mortgage Forgiveness Debt Relief Act of 2007. true 1/2 Failed On Motion to Recommit with Instructions Thu Oct 04 14:50:05 -0500 2007 house