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H.R. 1683

Referred to Committee

To amend the Internal Revenue Code of 1986 to exclude certain student loan forgiveness from gross income.

Introduced 3/9/2021•117th Congress•House

Latest Action

Referred to the House Committee on Ways and Means.

3/9/2021 • House

Summary

This bill modifies the tax treatment of income attributable to the forgiveness of certain student loan indebtedness incurred between 2021 and 2026. It excludes from student gross income, for income tax purposes, income from the discharge of student loans for postsecondary education expenses, private education loans, and loans from certain tax-exempt educational organizations.

Introduced in House • 3/9/2021

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Topics & Subjects

Policy Area: Taxation
Higher educationIncome tax exclusionStudent aid and college costs

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (1)

Sponsor

R[
Rep. Davis, Danny K. [D-IL-7]

Democrat • IL-7

Sponsored 3/9/2021

No cosponsors yet

Cosponsors may be added as the bill moves through Congress

Bill Journey

Originated in the House

Introduced

March 9, 2021

Referred to the House Committee on Ways and Means.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House3/9/2021

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors0