Bill
Bill > HR1683
US HR1683
US HR1683To amend the Internal Revenue Code of 1986 to exclude certain student loan forgiveness from gross income.
summary
Introduced
03/09/2021
03/09/2021
In Committee
03/09/2021
03/09/2021
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 certain student loan forgiveness from gross income.
AI Summary
This bill amends the Internal Revenue Code of 1986 to exclude certain student loan forgiveness from an individual's gross income. Specifically, it exempts the forgiveness of student loans provided by the federal government, state/local governments, eligible educational institutions, and certain private education loans from being treated as taxable income if the forgiveness occurs between 2021 and 2025. This change aims to provide tax relief for those who have their student loans forgiven during this period, which could include federal student loan programs as well as some private student loan arrangements.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 03/09/2021)
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/1683/all-info |
| BillText | https://www.congress.gov/117/bills/hr1683/BILLS-117hr1683ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr1683/BILLS-117hr1683ih.pdf.pdf |
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