To amend the Internal Revenue Code of 1986 to restore the deduction for interest on educational loans.

Summary

Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred to pay the educational expenses of the taxpayer, spouse, or dependent. (Under current law, such a loan must be secured by an interest in real property.)

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Timeline

1. 2 February 1989

   Introduced

   Introduced in House

   Source: IntroReferral

2. 2 February 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 February 1989

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 February 1989

  Open at official source

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Sponsors

• Rep. Gaydos, Joseph M. [D-PA-20] · D · Sponsor
• Rep. Geren, Pete [D-TX-12] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to restore the deduction for interest on educational loans.
• related to ← To amend the Internal Revenue Code of 1986 to restore the deduction for interest on educational loans.