To amend the Internal Revenue Code of 1986 to exclude certain discharges of indebtedness secured by real property from income.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to exclude certain discharges of indebtedness secured by real property from income., changes federal law or congressional policy affecting importers, exporters, and commercial firms. The main policy domain is Trade.
Who Benefits and How
importers, exporters, and commercial firms may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, importers, exporters, and commercial firms may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H392697DC32B941E2AF866F044E6E9741: 1. Short title This Act may be cited as the Saving Our Mainstreet American Locations for Leisure and Shopping Act of 2023.
- Section HBE9BFA0B2FE343A583ECAA90BEFCDBF8: 2. Excluding discharge of commercial or retail indebtedness from income Section 108(a)(1) of the Internal Revenue Code of 1986 is amended by striking or at the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to exclude certain discharges of indebtedness secured by real property from income., changes federal law or congressional policy affecting importers, exporters, and commercial firms.
Key Policy Areas
Trade
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to exclude certain discharges of indebtedness secured by real property from income., changes federal law or congressional policy affecting importers, exporters, and commercial firms.
Policy Domains
Whole bill
Identified Gains
- importers, exporters, and commercial firms
Identified Costs
- federal implementing agencies
- importers, exporters, and commercial firms
Sponsors
Legislative Progress
IntroducedMs. Tenney (for herself, Mr. Higgins of New York, Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology