A bill to amend the Internal Revenue Code of 1986 to restore the deduction for interest paid on education loans and to exclude from gross income the portion of a scholarship which covers living expenses while away from home.

referredUnited States· United States Congress· EN

Introduced

14 July 1988

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow an income tax deduction for interest on a qualified educational loan incurred to pay the educational expenses (tuition, fees, books, supplies, reasonable living expenses) of the taxpayer, spouse, or dependent. Permits an exclusion from gross income of scholarship amounts used for a student's reasonable living expenses while attending school away from home.

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

Timeline

No timeline events have been ingested for this record yet.

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 · 14 July 1988
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/100th-congress/house-bill/5084
Open data entity: https://api.congress.gov/v3/bill/100/hr/5084