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HR 1196 106th Congress House Taxation Education Finance and Financial Sector Higher education Income tax Interest Personal income tax Student loan funds Tax deductions

To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation on the amount of education loan interest which is allowable as a deduction.

Introduced: March 18, 1999 See on congress.gov
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 1999
Referred to the House Committee on Ways and Means.
Mar 18, 1999
Sponsor introductory remarks on measure. (CR E494)
Mar 18, 1999
Introduced in House
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 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to repeal the 60-month limitation period on the allowance of the deduction for interest on loans for higher education expenses.
What's happening now March 18, 1999

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Davis, Danny K.
Illinois · Jun 18, 1999
 D
McGovern, James P.
Massachusetts · May 24, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1196: To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation on the amount of education loan interest which is allowable as a deduction.. 106th Congress. Open America. https://openamerica.io/bill/106-HR-1196/
MLA
"H.R. 1196: To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation on the amount of education loan interest which is allowable as a deduction.." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-1196/.
Bluebook (legal)
H.R. 1196, 106th Cong. (2026), https://openamerica.io/bill/106-HR-1196/.
Markdown link
[H.R. 1196: To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation on the amount of education loan interest which is allowable as a deduction.](https://openamerica.io/bill/106-HR-1196/)
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