summary
Introduced
03/03/2021
03/03/2021
In Committee
03/03/2021
03/03/2021
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 exempts from federal income tax the discharge of various types of student loans, including those provided by the government, educational institutions, or private lenders. This change would apply retroactively to student loan discharges after January 31, 2020, providing tax relief to individuals who have had some or all of their student loans forgiven.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 03/03/2021)
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/house-bill/1564/all-info |
| BillText | https://www.congress.gov/117/bills/hr1564/BILLS-117hr1564ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr1564/BILLS-117hr1564ih.pdf.pdf |
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