H.R. 4700 · 113th Congress
To amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for student loan…
Full title
To amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for student loan interest.
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GardnerSponsorNo cosponsors.
Amends the Internal Revenue Code to increase the limitation on the tax deduction for interest paid on qualified education loans to $5,000 in a taxable year and provide for an annual inflation adjustment to that amount for taxable years beginning after 2015.
What it does: CRS summary · Introduced in House · May 21, 2014
Amends the Internal Revenue Code to increase the limitation on the tax deduction for interest paid on qualified education loans to $5,000 in a taxable year and provide for an annual inflation adjustment to that amount for taxable years beginning after 2015.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for student loan interest.
Latest action (May 21, 2014): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 21, 2014
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.