To amend the Internal Revenue Code of 1986 to exclude from gross income amounts paid on behalf of Federal employees under Federal student loan repayment programs.

Fact Sheet API

Bill Number

HR 3893

Introduced

Mar 7, 2002

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Economics and Public Finance Education Federal aid to higher education Federal employees Government Operations and Politics Higher education Income tax Labor and Employment Old age, survivors and disability insurance Personal income tax Recruiting of employees Scholarships Social Welfare Student loan funds Tax exclusion Taxation Wages

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Votes

Summary

Amends the Internal Revenue Code and the Social Security Act to exclude: (1) from the gross income of a Federal employee amounts the Federal Government repays on the employee's student loans; and (2) such payments from counting as wages for the calculation of Social Security taxes.

Actions

Mar 7, 2002

Referred to the House Committee on Ways and Means.
Mar 7, 2002

Introduced in House

Amendments

Related Bills