Key Votes
HR 3648 - Mortgage Forgiveness Debt Relief Act of 2007 - Key Vote
National Key Votes
Ken Calvert voted Yea (Passage) on this legislation.
Read recent statements Ken Calvert made in this general time period.
Stages
- Dec. 20, 2007 Executive Signed
- Dec. 18, 2007 House Concurrence Vote Passed
- Dec. 14, 2007 Senate Bill Passed
- Oct. 4, 2007 House Bill Passed
- Sept. 25, 2007 Introduced
Family
- HR 3648 - Mortgage Forgiveness Debt Relief Act of 2007
- SB 266 - Relating to Frederick County and Washington County Property Tax Credit
Issues
Stage Details
Legislation - Signed (Executive) - Became Public Law No. 110-142 - Dec. 20, 2007
Legislation - Concurrence Vote Passed (House) - Dec. 18, 2007
Legislation - Bill Passed (Senate) - Dec. 14, 2007
Legislation - Bill Passed (House) (386-27) - Oct. 4, 2007 (Key vote)
Title: Mortgage Forgiveness Debt Relief Act of 2007
Vote to pass a bill that eliminates the income tax on mortgage debt forgiveness on primary residences for people in financial hardships and lowers the amount of a gain made through the sale of most non-primary residences that is not subject to income tax.
- Excludes the debt forgiven on a qualified principal residence from the definition of gross income subject to income tax (Sec. 2).
- Reduces the income tax breaks on most gains from the sales of non-primary residences using a formula based on the amount of time that the taxpayer actually lived in the property during the five-year period before the sale (Sec. 5).
Legislation - Introduced (House) - Sept. 25, 2007
Title: Mortgage Forgiveness Debt Relief Act of 2007
Sponsors
Co-sponsors
- Robert E. 'Rob' Andrews (NJ - D)
- Shelley Berkley (NV - D) (Out Of Office)
- Earl Blumenauer (OR - D)
- Virginia 'Ginny' Brown-Waite (FL - R) (Out Of Office)
- Joseph 'Joe' Crowley (NY - D)
- Rahm Emanuel (IL - D) (Out Of Office)
- Philip 'Phil' English (PA - R) (Out Of Office)
- Chaka Fattah Sr. (PA - D)
- Gabrielle Giffords (AZ - D) (Out Of Office)
- Bart Gordon (TN - D) (Out Of Office)
- Rush D. Holt Jr. (NJ - D)
- John B. Larson (CT - D)
- Sander M. 'Sandy' Levin (MI - D)
- Carolyn B. Maloney (NY - D)
- James A. 'Jim' McDermott (WA - D)
- Kendrick B. Meek Sr. (FL - D) (Out Of Office)
- Jerrold L. 'Jerry' Nadler (NY - D)
- Richard E. Neal (MA - D)
- William J. 'Bill' Pascrell Jr. (NJ - D)
- Earl Pomeroy (ND - D) (Out Of Office)
- James M. 'Jim' Ramstad (MN - R) (Out Of Office)
- Allyson Y. Schwartz (PA - D)
- Zachary T. 'Zack' Space (OH - D) (Out Of Office)
- Fortney H. 'Pete' Stark (CA - D) (Out Of Office)
- Christopher 'Chris' Van Hollen Jr. (MD - D)
