H.R. 5719 · 112th Congress
Student Loan Interest Deduction Act of 2012
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
RangelSponsor13 cosponsors · 12 D, 1 R
D
Blumenauer
SB
D
Berkley
JG
R
Gerlach
JL
D
Lewis
JL
D
Larson
JM
D
McDermott
RN
D
Neal
BP
D
Pascrell
GM
D
Meeks
KB
D
Bass
SJ
D
Jackson Lee
JN
D
Nadler
DK
D
Kucinich8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · May 10, 2012
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Student Loan Interest Deduction Act of 2012
Latest action (May 10, 2012): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 10, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.