US HB5719 | 2011-2012 | 112th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: Introduced on May 10 2012 - 25% progression, died in committee
Action: 2012-05-10 - 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 10 2012 - 25% progression, died in committee
Action: 2012-05-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Student Loan Interest Deduction Act of 2012 - Amends the Internal Revenue Code to: (1) increase the maximum tax 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 such deduction based upon modified adjusted gross income. Makes permanent the elimination of the five-year limitation on such tax deduction.
Title
Student Loan Interest Deduction Act of 2012
Sponsors
Rep. Charles Rangel [D-NY] | Rep. Karen Bass [D-CA] | Rep. Shelley Berkley [D-NV] | Rep. Earl Blumenauer [D-OR] |
Rep. Jim Gerlach [R-PA] | Rep. Sheila Jackson-Lee [D-TX] | Rep. Dennis Kucinich [D-OH] | Rep. John Larson [D-CT] |
Rep. John Lewis [D-GA] | Rep. Jim McDermott [D-WA] | Rep. Gregory Meeks [D-NY] | Rep. Jerrold Nadler [D-NY] |
Rep. Richard Neal [D-MA] | Rep. Bill Pascrell [D-NJ] |
History
Date | Chamber | Action |
---|---|---|
2012-05-10 | House | Referred to the House Committee on Ways and Means. |
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/112th-congress/house-bill/5719/all-info |
Text | https://www.congress.gov/112/bills/hr5719/BILLS-112hr5719ih.pdf |