HR 436
107th 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 dollar limitation on the deduction for interest on education loans, to increase the income threshold for the phase out of such deduction, and to repeal the 60 month limitation on the amount of such interest that is allowable as a deduction.
Introduced: February 6, 2001
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 6, 2001
Referred to the House Committee on Ways and Means.
Feb 6, 2001
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to repeal the current dollar limitation on the deduction for interest on educational loans provision and replace it with a limitation on such deduction based on modified adjusted gross income. Repeals the 60-month limitation period on the allowance of the interest deduction on such loans.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1