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
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1