US HB5204 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 12 2016 - 25% progression, died in chamber
Action: 2016-12-08 - Placed on the Union Calendar, Calendar No. 674.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 12 2016 - 25% progression, died in chamber
Action: 2016-12-08 - Placed on the Union Calendar, Calendar No. 674.
Text: Latest bill text (Introduced) [PDF]
Summary
Stop Taxing Death and Disability Act (Sec. 2) This bill amends the Internal Revenue Code to exclude from the gross income of an individual the discharge of student loans or private education loans due to the death or disability of the student. The bill also amends the Higher Education Act of 1965 to require the Department of Education (ED) to discharge the liability on loans that parents received on behalf of a student who: (1) has become permanently and totally disabled, or (2) is unable to engage in any substantial gainful activity due to a physical or mental impairment that can be expected to result in death or has lasted or is expected to last continuously for at least 60 months. (Under current law, ED is required to discharge the loans to parents if the student dies.)
Title
Stop Taxing Death and Disability Act
Sponsors
Rep. Peter Roskam [R-IL] | Rep. Ron Kind [D-WI] | Rep. Ryan Costello [R-PA] | Rep. Chellie Pingree [D-ME] |
Rep. Doug LaMalfa [R-CA] | Rep. James Renacci [R-OH] | Rep. Bill Pascrell [D-NJ] | Rep. Sean Maloney [D-NY] |
Rep. David Reichert [R-WA] | Rep. Randy Hultgren [R-IL] | Rep. Mike Coffman [R-CO] | Rep. Mark DeSaulnier [D-CA] |
Rep. Dave Brat [R-VA] | Rep. Ed Perlmutter [D-CO] | Rep. Patrick Meehan [R-PA] | Rep. Jerry McNerney [D-CA] |
Rep. Bruce Poliquin [R-ME] | Rep. Suzanne Bonamici [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2016-12-08 | House | Placed on the Union Calendar, Calendar No. 674. |
2016-12-08 | House | Committee on Education and the Workforce discharged. |
2016-12-08 | House | Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-861, Part I. |
2016-09-21 | House | Ordered to be Reported (Amended) by Voice Vote. |
2016-09-21 | House | Committee Consideration and Mark-up Session Held. |
2016-09-19 | House | Referred to the Subcommittee on Higher Education and Workforce Training. |
2016-05-12 | House | Referred to House Education and the Workforce |
2016-05-12 | House | Referred to House Ways and Means |
2016-05-12 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
2016-05-12 | House | Introduced in House |
Same As/Similar To
SB2800 (Related) 2016-04-14 - Read twice and referred to the Committee on Finance.