House Bill 1683
117th Congress(2021-2022)
To amend the Internal Revenue Code of 1986 to exclude certain student loan forgiveness from gross income.
Introduced
Introduced in House on Mar 9, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1683
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.
March 9, 2021
03/09/2021
Referred to the House Committee on Ways and Means.
03/09/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:23 PM