To amend the Internal Revenue Code of 1986 to repeal the dollar limitation on the deduction of interest on education loans.

Fact Sheet API

Bill Number

HR 4732

Introduced

May 14, 2002

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Education Finance and Financial Sector Higher education Income tax Interest Personal income tax Student loan funds Tax deductions Taxation

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Votes

Summary

Amends the Internal Revenue Code to repeal the current dollar limitation on the deduction for interest on educational loans. Modifies the dollar amounts used in calculating the modified adjusted gross income limitation on the deduction for interest on educational loans.

Actions

May 14, 2002

Referred to the House Committee on Ways and Means.
May 14, 2002

Introduced in House

Amendments

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