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]

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.)

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Stop Taxing Death and Disability Act

Sponsors


History

DateChamberAction
2016-12-08HousePlaced on the Union Calendar, Calendar No. 674.
2016-12-08HouseCommittee on Education and the Workforce discharged.
2016-12-08HouseReported (Amended) by the Committee on Ways and Means. H. Rept. 114-861, Part I.
2016-09-21HouseOrdered to be Reported (Amended) by Voice Vote.
2016-09-21HouseCommittee Consideration and Mark-up Session Held.
2016-09-19HouseReferred to the Subcommittee on Higher Education and Workforce Training.
2016-05-12HouseReferred to House Education and the Workforce
2016-05-12HouseReferred to House Ways and Means
2016-05-12HouseReferred 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.
2016-05-12HouseIntroduced in House

Same As/Similar To

SB2800 (Related) 2016-04-14 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

feedback