summary
Introduced
05/13/2021
05/13/2021
In Committee
05/13/2021
05/13/2021
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 allow mar- ried couples to apply the student loan interest deduction limitation separately to each spouse, and for other pur- poses.
AI Summary
This bill, the Student Loan Marriage Penalty Elimination Act of 2021, aims to amend the Internal Revenue Code to allow married couples to apply the student loan interest deduction limitation separately to each spouse, rather than as a couple. This change would eliminate the so-called "marriage penalty" that previously existed, where married couples were limited to a single $2,500 deduction regardless of whether one or both spouses had student loans. The bill also includes conforming amendments to ensure there is no double-benefit from the deduction. The changes would apply to taxable years beginning after December 31, 2020.
Committee Categories
Budget and Finance
Sponsors (26)
Vicky Hartzler (R)*,
Brian Babin (R),
Ted Budd (R),
Tom Cole (R),
Joe Courtney (D),
Scott Franklin (R),
Matt Gaetz (R),
John Garamendi (D),
Bob Good (R),
Josh Gottheimer (D),
Glenn Grothman (R),
Jahana Hayes (D),
Kevin Hern (R),
French Hill (R),
Mike Kelly (R),
Jake LaTurner (R),
Debbie Lesko (R),
David McKinley (R),
Mariannette Miller-Meeks (R),
Ralph Norman (R),
Burgess Owens (R),
Tom Rice (R),
Jason Smith (R),
Greg Steube (R),
Mark Takano (D),
Ann Wagner (R),
Last Action
Referred to the House Committee on Ways and Means. (on 05/13/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/3196/all-info | 05/14/2021 |
| BillText | https://www.congress.gov/117/bills/hr3196/BILLS-117hr3196ih.pdf | 06/24/2021 |
| Bill | https://www.congress.gov/117/bills/hr3196/BILLS-117hr3196ih.pdf.pdf | 06/24/2021 |
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