Sec. 151. EXTENSION AND MODIFICATION OF EXCLUSION FROM GROSS INCOME OF DISCHARGE OF QUALIFIED PRINCIPAL RESIDENCE INDEBTEDNESS
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## SEC. 151 EXTENSION AND MODIFICATION OF EXCLUSION FROM GROSS INCOME OF DISCHARGE OF QUALIFIED PRINCIPAL RESIDENCE INDEBTEDNESS ###
(a)Extension **[**[26 U.S.C. 108](/us/usc/t26/s108)**]** Section 108(a)(1)(E) is amended by striking “January 1, 2015” and inserting “January 1, 2017”. ###
(b)Modification Section 108(a)(1)(E), as amended by subsection (a), is amended by striking “ discharged before ” and all that follows and inserting > “discharged— > > > ###### “(i) > > before January 1, 2017, or > > > ###### “(ii) > > subject to an arrangement that is entered into and evidenced in writing before January 1, 2017.” > . ###
(c)Effective Dates **[**[26 U.S.C. 108 note](/us/usc/t26/s108)**]** ####
(1)Extension The amendment made by subsection
(a)shall apply to discharges of indebtedness after December 31, 2014. ####
(2)Modification The amendment made by subsection
(b)shall apply to discharges of indebtedness after December 31, 2015.
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Sec. 151
EXTENSION AND MODIFICATION OF EXCLUSION FROM GROSS INCOME OF DISCHARGE OF QUALIFIED PRINCIPAL RESIDENCE INDEBTEDNESS
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