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Income-Based Repayment Debt Forgiveness Act

USA116th CongressS-1248| Senate 
| Updated: 4/30/2019
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (1)
Ron Wyden (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income-Based Repayment Debt Forgiveness Act This bill modifies the requirements for calculating taxable income 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
Apr 30, 2019
Introduced in Senate
Apr 30, 2019
Read twice and referred to the Committee on Finance.
  • April 30, 2019
    Introduced in Senate


  • April 30, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Higher educationIncome tax exclusionStudent aid and college costs

Income-Based Repayment Debt Forgiveness Act

USA116th CongressS-1248| Senate 
| Updated: 4/30/2019
Income-Based Repayment Debt Forgiveness Act This bill modifies the requirements for calculating taxable income 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 Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 30, 2019
Introduced in Senate
Apr 30, 2019
Read twice and referred to the Committee on Finance.
  • April 30, 2019
    Introduced in Senate


  • April 30, 2019
    Read twice and referred to the Committee on Finance.
Jeff Merkley

Jeff Merkley

Democratic Senator

Oregon

Cosponsors (1)
Ron Wyden (Democratic)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Higher educationIncome tax exclusionStudent aid and college costs