To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of indebtedness income on education loans of deceased or disabled veterans.
Tax Relief for our Nation's Heroes Act or the Andrew P. Carpenter Tax Act This bill amends the Internal Revenue Code to exclude from gross income any amount attributable to the discharge of student loan indebtedness of a veteran who served on active duty and: (1) is deceased as a result of a service-connected death or disability, or (2) has a service-connected disability that the Department of Veterans Affairs has rated as total.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Disability and paralysisGovernment lending and loan guaranteesHigher educationIncome tax exclusionStudent aid and college costsVeterans' education, employment, rehabilitationVeterans' loans, housing, homeless programs
To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of indebtedness income on education loans of deceased or disabled veterans.
USA115th CongressHR-500| House
| Updated: 1/12/2017
Tax Relief for our Nation's Heroes Act or the Andrew P. Carpenter Tax Act This bill amends the Internal Revenue Code to exclude from gross income any amount attributable to the discharge of student loan indebtedness of a veteran who served on active duty and: (1) is deceased as a result of a service-connected death or disability, or (2) has a service-connected disability that the Department of Veterans Affairs has rated as total.
Disability and paralysisGovernment lending and loan guaranteesHigher educationIncome tax exclusionStudent aid and college costsVeterans' education, employment, rehabilitationVeterans' loans, housing, homeless programs