Amendment ID: S2423-18

Amendment 18

Mortgage Debt Relief

Messrs. Tarr and OConnor move to amend the amendment by inserting the following 3 sections:

SECTION XXXX. Section 2 of chapter 62 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by adding the following subparagraph:-

(R) To the extent not otherwise excluded from gross income, in whole or in part, income attributable to the discharge of debt on a principal residence, including debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, subject to the following conditions and limitations: