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HR 747 102th Congress House Taxation Education Income tax Interest Student loan funds Tax deductions

To amend the Internal Revenue Code of 1986 to restore the deduction for interest on certain educational loans.

Introduced: January 30, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 30, 1991
Referred to the House Committee on Ways and Means.
Jan 30, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow an income tax deduction for interest on certain indebtedness incurred to pay the educational expenses of the taxpayer, spouse, or dependent. (Under current law, such a loan must be secured by an interest in real property.)

What's happening now January 30, 1991

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 6 Republican 1
D
Neal, Richard E.
Massachusetts · Sep 24, 1991
 D
Kaptur, Marcy
Ohio · Jul 31, 1991
 D
Durbin, Richard J.
Illinois · May 23, 1991
 D
Pallone, Frank
New Jersey · May 23, 1991
 R
Smith, Christopher H.
New Jersey · May 23, 1991
 D
DeLauro, Rosa L.
Connecticut · Apr 24, 1991
 D
Markey, Edward J.
Massachusetts · Feb 19, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 747: To amend the Internal Revenue Code of 1986 to restore the deduction for interest on certain educational loans.. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-747/
MLA
"H.R. 747: To amend the Internal Revenue Code of 1986 to restore the deduction for interest on certain educational loans.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-747/.
Bluebook (legal)
H.R. 747, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-747/.
Markdown link
[H.R. 747: To amend the Internal Revenue Code of 1986 to restore the deduction for interest on certain educational loans.](https://openamerica.io/bill/102-HR-747/)
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