To amend the Internal Revenue Code of 1986 to modify the determination and deduction of interest on qualified education loans.

Fact Sheet API

Bill Number

HR 2666

Introduced

May 26, 2005

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Economics and Public Finance Education Federally-guaranteed loans Fees Finance and Financial Sector Government lending Higher education Income tax Interest Student loan funds Tax deductions Tax returns Taxation

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Votes

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.

Actions

May 26, 2005

Referred to the House Committee on Ways and Means.
May 26, 2005

Introduced in House

Amendments

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