Mortgage Debt Tax Forgiveness Act of 2021
This bill makes permanent the exclusion from gross income of income attributable to the discharge of qualified principal residence indebtedness.
To amend the Internal Revenue Code of 1986 to make permanent the 
    exclusion from gross income of discharge of qualified principal 
                        residence indebtedness.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Mortgage Debt Tax Forgiveness Act of 
2021''.

SEC. 2. PERMANENT EXTENSION OF EXCLUSION FROM GROSS INCOME OF DISCHARGE 
              OF QUALIFIED PRINCIPAL RESIDENCE INDEBTEDNESS.

    (a) In General.--Section 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 Date.--The amendment made by this section shall apply 
to indebtedness discharged after December 31, 2025.
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Mortgage Debt Tax Forgiveness Act of 2021
To amend the Internal Revenue Code of 1986 to make permanent the exclusion from gross income of discharge of qualified principal residence indebtedness.
Mortgage Debt Tax Forgiveness Act of 2021
Rep. Brownley, Julia