Student Loan Forgiveness Tax Repayment Act of 2014
Latest action · Feb 6, 2014 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.
- IntroducedFeb 6, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Student Loan Forgiveness Tax Repayment Act of 2014 - Amends the Internal Revenue Code to allow taxpayers to include their imputed income from the discharge of student loan indebtedness due to death or disability in gross income, for income tax purposes, ratably over a 15-year period beginning with the taxable year of the discharge.
Provides that any imputed income from the discharge of student loan indebtedness by reason of death or disability shall be disregarded for purposes of determining eligibility for any federal means-tested program.
Cosponsors 1
Members who signed on, in the order they did. All signed on May 20, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Paul Tonko | May 20, 2014 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Feb 6, 2014 |
Actions 2
Everything that happened, newest first.
- Feb 6, 2014Introduced in House
- Feb 6, 2014Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H1687.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to allow certain discharged student loan debt to be included in gross income ratably over 15 years and to disregard such income in determining eligibility for Federal means-tested programs.
- Short Titles as Introduced
- Student Loan Forgiveness Tax Repayment Act of 2014
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 6, 2014Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
