Ask AI
H.R. 5239

To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of student loan indebtedness.

Amends the Internal Revenue Code, with respect to the exclusion from gross income of income attributable to the discharge of student loan indebtedness, to: (1) include indebtedness discharged due to income-contingent and income-based repayment plans, the death or disability of the borrower, or the closing of an educational institution; and (2) revise the definition of "student loan" to mean a loan made by any lender, including a loan for the refinancing of an existing loan.

Referred to the House Committee on Ways and Means.

Rep. Pocan, Mark [D-WI-2](D-WI)Sponsor
17 cosponsors17 D
17cosponsors1committees3actions4subjects
  • Introduced in HouseJul 29, 2014
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of s… — Informed