summary
Introduced
03/01/2021
03/01/2021
In Committee
03/01/2021
03/01/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to exclude from taxable income any student loan forgiveness or discharge.
AI Summary
This bill, the Student Loan Tax Relief Act, amends the Internal Revenue Code to exclude from taxable income any student loan forgiveness or discharge. Specifically, it expands the types of student loans that are eligible for tax-free forgiveness to include loans from the government, state and local entities, higher education institutions, and private lenders. The bill applies to student loan discharges after January 31, 2020, providing tax relief for individuals who have had their student loans forgiven or discharged.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Read twice and referred to the Committee on Finance. (on 03/01/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/496/all-info |
| BillText | https://www.congress.gov/117/bills/s496/BILLS-117s496is.pdf |
| Bill | https://www.congress.gov/117/bills/s496/BILLS-117s496is.pdf.pdf |
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