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S 1947 114th Congress Senate

Income-Based Repayment Debt Forgiveness Act

Official title: A bill to exclude the discharge of certain Federal student loans from the calculation of gross income.

Introduced: October 29, 2015 Introduced by: Merkley, Jeff Democratic · Oregon See on congress.gov
Taxation Higher educationIncome tax exclusionStudent aid and college costs
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 2015
Read twice and referred to the Committee on Finance.
Aug 5, 2015
Introduced in Senate
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 Latest action August 5, 2015

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Income-Based Repayment Debt Forgiveness Act

Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, income imputed from the discharge of student loan indebtedness pursuant to a federal program that provides for income contingent or income-based repayment of such loan.

 Related & companion bills 1
  • S 85 Related bill Repay Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Oct 29, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1947: Income-Based Repayment Debt Forgiveness Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-1947/
MLA
"S. 1947: Income-Based Repayment Debt Forgiveness Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1947/.
Bluebook (legal)
S. 1947, 114th Cong. (2026), https://openamerica.io/bill/114-S-1947/.
Markdown link
[S. 1947: Income-Based Repayment Debt Forgiveness Act](https://openamerica.io/bill/114-S-1947/)
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