HR 1564 · 117th Congress 2021–2023, ended

Student Loan Tax Relief Act

Introduced Mar 3, 2021 Originated House Sponsor Jimmy Gomez D-CA

Fact sheet

Latest action · Mar 3, 2021 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.

  1. IntroducedMar 3, 2021
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Student Loan Tax Relief Act

This bill modifies tax provisions allowing an exclusion from gross income for income arising from discharges of student loan debt after January 31, 2020. This includes loans for postsecondary educational expenses, private education loans, and loans made by tax-exempt educational organizations.

The bill eliminates the temporary expiration date for the exclusion and the death or total and permanent disability requirement for a discharge.

Cosponsors 1

Members who signed on, in the order they did. All signed on Mar 3, 2021.

SeatCosponsorSigned on
D-NJBill Pascrell, Jr.OriginalMar 3, 2021

Actions 2

Everything that happened, newest first.

  1. Mar 3, 2021Introduced in House
  2. Mar 3, 2021Referred to the House Committee on Ways and Means.

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 496Student Loan Tax Relief ActIdentical billMar 1, 2021
HR 1319American Rescue Plan Act of 2021Related billMar 11, 2021

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Mar 3, 2021Introduced in House

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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.