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S. 1947 · 114th Congress

Income-Based Repayment Debt Forgiveness Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

1 cosponsor · 1 D

0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, income imputed from the discharge of student loan indebtedness pursuant to a federal program that provides for income contingent or income-based repayment of such loan.

What it does: CRS summary · Introduced in Senate · Aug 5, 2015

Income-Based Repayment Debt Forgiveness Act

Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, income imputed from the discharge of student loan indebtedness pursuant to a federal program that provides for income contingent or income-based repayment of such loan.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Income-Based Repayment Debt Forgiveness Act

Latest action (Aug 5, 2015): Read twice and referred to the Committee on Finance.

Policy area: Taxation · Origin: Senate · Introduced: Aug 5, 2015

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.