US HB4700 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on May 21 2014 - 25% progression, died in committee
Action: 2014-05-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 21 2014 - 25% progression, died in committee
Action: 2014-05-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to increase the limitation on the tax deduction for interest paid on qualified education loans to $5,000 in a taxable year and provide for an annual inflation adjustment to that amount for taxable years beginning after 2015.
Title
To amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for student loan interest.
Sponsors
Sen. Cory Gardner [R-CO] |
History
Date | Chamber | Action |
---|---|---|
2014-05-21 | House | Referred to the House Committee on Ways and Means. |
Subjects
Higher education
Income tax deductions
Interest, dividends, interest rates
Student aid and college costs
Taxation
Income tax deductions
Interest, dividends, interest rates
Student aid and college costs
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/house-bill/4700/all-info |
Text | https://www.congress.gov/113/bills/hr4700/BILLS-113hr4700ih.pdf |