US HB5239 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 18-0)
Status: Introduced on July 29 2014 - 25% progression, died in committee
Action: 2014-07-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 29 2014 - 25% progression, died in committee
Action: 2014-07-29 - 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, with respect to the exclusion from gross income of income attributable to the discharge of student loan indebtedness, to: (1) include indebtedness discharged due to income-contingent and income-based repayment plans, the death or disability of the borrower, or the closing of an educational institution; and (2) revise the definition of "student loan" to mean a loan made by any lender, including a loan for the refinancing of an existing loan.
Title
To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of student loan indebtedness.
Sponsors
| Rep. Mark Pocan [D-WI] | Rep. Suzanne Bonamici [D-OR] | Rep. Yvette Clarke [D-NY] | Rep. Steve Cohen [D-TN] |
| Rep. Peter DeFazio [D-OR] | Rep. Keith Ellison [D-MN] | Rep. Raul Grijalva [D-AZ] | Rep. Ruben Hinojosa [D-TX] |
| Rep. Jim McDermott [D-WA] | Rep. James McGovern [D-MA] | Rep. Jerry McNerney [D-CA] | Rep. Gwen Moore [D-WI] |
| Rep. Eleanor Norton [D-DC] | Rep. John Sarbanes [D-MD] | Rep. Carol Shea-Porter [D-NH] | Rep. Mark Takano [D-CA] |
| Rep. Juan Vargas [D-CA] | Rep. Frederica Wilson [D-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-07-29 | House | Referred to the House Committee on Ways and Means. |
Subjects
Government lending and loan guarantees
Higher education
Income tax exclusion
Student aid and college costs
Taxation
Higher education
Income tax exclusion
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/house-bill/5239/all-info |
| Text | https://www.congress.gov/113/bills/hr5239/BILLS-113hr5239ih.pdf |
