Bill117th CongressFiled Mar 1, 2021Taxation
S. 496
Student Loan Tax Relief Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Mar 1, 2021)
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.
What just happenedMar 1, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Menendez, Robert [D-NJ](D-NJ)Sponsor
2 cosponsors2 D
2cosponsors1committees2actions2related bills4subjects
- Introduced in SenateMar 1, 2021
- Mar 1, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Mar 1, 2021IntroReferral10000
Introduced in Senate