US HB2551 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 19 2017 - 25% progression, died in committee
Action: 2017-05-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 19 2017 - 25% progression, died in committee
Action: 2017-05-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Student Loan Debt Relief Act This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to: (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee; (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs; and (3) increase the maximum deduction and the income limitation for the deduction for interest on education loans.
Title
Student Loan Debt Relief Act
Sponsors
| Rep. Steve Stivers [R-OH] | Rep. Terri Sewell [D-AL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-05-19 | House | Referred to the House Committee on Ways and Means. |
| 2017-05-19 | House | Introduced in House |
Same As/Similar To
HB795 (Related) 2017-02-01 - Referred to the House Committee on Ways and Means.
Subjects
Employee benefits and pensions
Higher education
Income tax deductions
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Taxation
Higher education
Income tax deductions
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/2551/all-info |
| Text | https://www.congress.gov/115/bills/hr2551/BILLS-115hr2551ih.pdf |
