A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the amount of certain cancellations of indebtedness under student loan programs.

Summary

Provides, under provisions of the Internal Revenue Code relating to scholarship and fellowship grants, that no amount shall be included in gross income by reason of the discharge of the indebtedness of an individual under a student loan if such discharge was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for a certain period of time in certain professions or certain geographical areas or for certain classes of employers. Defines "student loan" for purposes of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 7 August 1974

   Introduced

   Introduced in House

   Source: IntroReferral

2. 7 August 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

3. 7 August 1974

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 7 August 1974

  Open at official source

Sponsors

• Rep. Andrews, Ike [D-NC-4] · D · Sponsor
• Rep. Aspin, Les [D-WI-1] · D · Cosponsor
• Rep. Wyman, Louis C. [R-NH-1] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the amount of certain cancellations of indebtedness under student loan programs.