2017.05.09 NAR Letter to Full Senate re S 122 Mortgage Debt Tax Relief Act
Issue Date: May 09, 2017
US S 0122 - Mortgage Debt Tax Relief Act
On May 9, 2017 NAR sent a letter to the full senate. The letter urges Senate members to cosponsor S. 122, the “Mortgage Debt Tax Relief Act.” The bipartisan legislation, introduced by Finance Committee Members Heller, Stabenow, Menendez, and Isakson, would extend for two years the rule that allows tax relief for homeowners when lenders forgive some portion of mortgage debt they owe. This critical provision, which has helped many thousands of American families, expired at the end of last year. Securing its extension, as this bill would do, is one of REALTORS®’ highest priorities for 2017.