Student Loan Interest Tax Deduction Expansion Act
Latest action · Jul 28, 2017 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.
- IntroducedJul 28, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Student Loan Interest Tax Deduction Expansion Act
This bill amends the Internal Revenue Code, with respect to the tax deduction for interest on qualified education loans, to increase: (1) the dollar limitation on the deduction to $7,500 ($15,000 in the case of a joint return); and (2) the limitation on modified adjusted gross income to $100,000 ($200,000 in the case of a joint return).
Cosponsors 5
Members who signed on, in the order they did. All signed on Jul 28, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-PA | Brendan F. Boyle | Original | Jul 28, 2017 |
| D-WA | Derek Kilmer | Original | Jul 28, 2017 |
| D-PA | Dwight Evans | Original | Jul 28, 2017 |
| D-FL | Frederica S. Wilson | Original | Jul 28, 2017 |
| D-MN | Richard M. Nolan | Original | Jul 28, 2017 |
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 Jul 28, 2017 |
Actions 2
Everything that happened, newest first.
- Jul 28, 2017Introduced in House
- Jul 28, 2017Referred 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 Congressional Record, vol. 163, no. 128, July 28, 2017, page H6578.
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 increase the deduction allowed for student loan interest and the limitation based on income, and for other purposes.
- Short Titles as Introduced
- Student Loan Interest Tax Deduction Expansion Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 28, 2017Introduced 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.
