HR 5239
113th Congress
House
Taxation
Government lending and loan guarantees
Higher education
Income tax exclusion
Student aid and college costs
To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of student loan indebtedness.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2014
Referred to the House Committee on Ways and Means.
Jul 29, 2014
Introduced in House
Plain-English summary
Amends the Internal Revenue Code, with respect to the exclusion from gross income of income attributable to the discharge of student loan indebtedness, to: (1) include indebtedness discharged due to income-contingent and income-based repayment plans, the death or disability of the borrower, or the closing of an educational institution; and (2) revise the definition of "student loan" to mean a loan made by any lender, including a loan for the refinancing of an existing loan.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1