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H.R. 917
U.S. House•In 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.txt119 HR 917 IH: Mortgage Debt Tax Forgiveness Act of 2025U.S. House of Representatives2025-02-04text/xmlENPursuant 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 BILLTo amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharge of qualified principal residence indebtedness.1.Short titleThis 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 generalSection 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 dateThe 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.
- Introduced2025-02-04
- Passed House
- Passed Senate
- Conference
- To President
- 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.mdShown 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.
Actions
H.R. 917 has taken 2 actions since Feb 4, 2025.
| Chamber | Action | |||
|---|---|---|---|---|
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.
| Client | Business | State | Firms | Filings | Reported |
|---|---|---|---|---|---|
| CITY OF SAN BUENAVENTURA (F/K/A VENTURA WATER (A DEPARTMENT OF THE CITY OF SAN B | Water Services | California | 1 | 1 | $20K |
Firms
Registrants who filed on the bill, by filings.
| Registrant | Clients | Filings | Reported |
|---|---|---|---|
| NOSSAMAN LLP | 1 | 1 | $20K |
Lobbyists
Named on the filings that cite the bill.
| Lobbyist | Firms | Clients | Filings |
|---|---|---|---|
| FREDERICK DOMBO | 1 | 1 | 1 |
| MARIA MARTIROSYAN ISSAKHANIAN | 1 | 1 | 1 |
Filings
The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.
| Client | Registrant | Period | Reported | Document |
|---|---|---|---|---|
| CITY OF SAN BUENAVENTURA (F/K/A VENTURA WATER (A DEPARTMENT OF THE CITY OF SAN B | NOSSAMAN LLP | 2026 second_quarter | $20K | 2nd 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.txtConstitutional 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