HR 4020
113th Congress
House
Taxation
Accounting and auditing
Disability and paralysis
Higher education
Poverty and welfare assistance
Student aid and college costs
Tax administration and collection, taxpayers
Student Loan Forgiveness Tax Repayment Act of 2014
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 6, 2014
Referred to the House Committee on Ways and Means.
Feb 6, 2014
Introduced in House
Plain-English summary
Student Loan Forgiveness Tax Repayment Act of 2014 - Amends the Internal Revenue Code to allow taxpayers to include their imputed income from the discharge of student loan indebtedness due to death or disability in gross income, for income tax purposes, ratably over a 15-year period beginning with the taxable year of the discharge.
Provides that any imputed income from the discharge of student loan indebtedness by reason of death or disability shall be disregarded for purposes of determining eligibility for any federal means-tested program.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1