118th Congress · HOUSE BILLBILL

H.R. 9431 — Hostage Private Debt Tax Freedom Act

“To amend the Internal Revenue Code of 1986 to exclude from gross income the discharge of indebtedness of certain individuals who are unlawfully or wrongfully detained abroad.”

Taxation

Introduced Aug 30, 2024

Last action Aug 30, 2024

Pipeline · Bill → Law

Step 1

Introduced

Aug 30, 2024

Step 2

Referred

Aug 30, 2024

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill excludes from gross income, for income tax purposes, income resulting from the discharge of indebtedness of individuals wrongfully detained abroad.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Aug 30, 2024

Introduced in House

Aug 30, 2024

Referred to the House Committee on Ways and Means.