A bill 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 paid or incurred on a qualified educational loan. Defines "qualified educational loan" as any indebtedness incurred to pay the educational expenses of the taxpayer or the taxpayer's spouse or dependent. (Present law requires that such a loan be secured by an interest in real property.)

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

Timeline

1. 4 February 1987

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 4 February 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 February 1987

   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 · 4 February 1987

  Open at official source

Sponsors

• Rep. Gaydos, Joseph M. [D-PA-20] · D · Sponsor
• Rep. Ford, William D. [D-MI-13] · D · Sponsor
• Sen. Boxer, Barbara [D-CA] · D · Cosponsor
• · hswm00 · Standing

Related records

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