US HB3098 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 29-0)
Status: Introduced on June 4 2019 - 25% progression, died in committee
Action: 2019-06-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 4 2019 - 25% progression, died in committee
Action: 2019-06-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies the tax deduction for student loan interest to (1) increase the maximum deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on the deduction based upon modified adjusted gross income.
Title
Student Loan Interest Deduction Act of 2019
Sponsors
| Rep. Eric Swalwell [D-CA] | Rep. Ro Khanna [D-CA] | Rep. Anna Eshoo [D-CA] | Rep. Scott Peters [D-CA] |
| Rep. Juan Vargas [D-CA] | Rep. Grace Napolitano [D-CA] | Rep. Donald Payne [D-NJ] | Rep. Kathleen Rice [D-NY] |
| Rep. Barbara Lee [D-CA] | Rep. Mike Quigley [D-IL] | Rep. Eliot Engel [D-NY] | Rep. Nanette Barragan [D-CA] |
| Rep. Lucille Roybal-Allard [D-CA] | Rep. Henry Johnson [D-GA] | Rep. Gwen Moore [D-WI] | Rep. Grace Meng [D-NY] |
| Rep. Bonnie Coleman [D-NJ] | Rep. Bennie Thompson [D-MS] | Rep. Marc Veasey [D-TX] | Rep. Steve Cohen [D-TN] |
| Rep. Marcy Kaptur [D-OH] | Rep. Ann Kirkpatrick [D-AZ] | Rep. Ron Kind [D-WI] | Rep. Alcee Hastings [D-FL] |
| Rep. Elaine Luria [D-VA] | Rep. Jesus Garcia [D-IL] | Rep. Michael Doyle [D-PA] | Sen. Peter Welch [D-VT] |
| Rep. Darren Soto [D-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-04 | House | Referred to the House Committee on Ways and Means. |
| 2019-06-04 | House | Introduced in House |
Same As/Similar To
HB5472 (Same As) 2021-01-13 - Became Public Law No: 116-341.
Subjects
Higher education
Income tax deductions
Interest, dividends, interest rates
Student aid and college costs
Taxation
Income tax deductions
Interest, dividends, interest rates
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/3098/all-info |
| Text | https://www.congress.gov/116/bills/hr3098/BILLS-116hr3098ih.pdf |
