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Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023

3/7/2024, 8:15 AM

Congressional Summary of HR 5580

Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023

This bill excludes from gross income, for income tax purposes, income attributable to certain discharges of commercial or retail indebtedness secured by real property.

Current Status of Bill HR 5580

Bill HR 5580 is currently in the status of Bill Introduced since September 19, 2023. Bill HR 5580 was introduced during Congress 118 and was introduced to the House on September 19, 2023.  Bill HR 5580's most recent activity was Referred to the House Committee on Ways and Means. as of September 19, 2023

Bipartisan Support of Bill HR 5580

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
6
Democrat Cosponsors
4
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5580

Primary Policy Focus

Taxation

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