To amend the Internal Revenue Code of 1986 to modify the determination and deduction of interest on qualified education loans.
Latest action · May 26, 2005 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 26, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to determine interest amounts on education loans initially disbursed after December 31, 2004, and treat such interest, with certain adjustments and restrictions, as tax deductible.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Oct 18, 2005 to Jun 29, 2006.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-ND | Earl Pomeroy | Oct 18, 2005 | |
| R-KY | Ron Lewis | Oct 18, 2005 | |
| R-MN | Jim Ramstad | Apr 6, 2006 | |
| D-UT | Jim Matheson | Jun 29, 2006 |
Actions 2
Everything that happened, newest first.
- May 26, 2005Introduced in House
- May 26, 2005Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1964 | A bill to amend the Internal Revenue Code of 1986 to modify the determination and deduction of interest on qualified education loans. | Related bill | Nov 4, 2005 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 26, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.