A bill to exclude the discharge of certain Federal student loans from the calculation of gross income.
USA115th CongressS-3189| Senate
| Updated: 7/10/2018
Jeff Merkley
Democratic Senator
Oregon
Cosponsors (1)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Income-Based Repayment Debt Forgiveness Act This bill amends the Internal Revenue Code to exclude from the gross income of an individual any income that is attributable to the discharge of a federal student loan pursuant to a federal program or law that provides for income contingent or income-based repayment of the loan.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Higher educationIncome tax exclusionStudent aid and college costs
A bill to exclude the discharge of certain Federal student loans from the calculation of gross income.
USA115th CongressS-3189| Senate
| Updated: 7/10/2018
Income-Based Repayment Debt Forgiveness Act This bill amends the Internal Revenue Code to exclude from the gross income of an individual any income that is attributable to the discharge of a federal student loan pursuant to a federal program or law that provides for income contingent or income-based repayment of the loan.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Jeff Merkley
Democratic Senator
Oregon
Cosponsors (1)
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Higher educationIncome tax exclusionStudent aid and college costs