A bill to amend the Internal Revenue Code of 1986 to allow a credit for interest paid on education loans.

Summary

Amends the Internal Revenue Code to allow a tax credit for interest paid or incurred on any qualified education loan during the first 48 months (whether or not consecutive) for which interest payments are required to be made. Limits such credit to $300. Allows such tax credit to parents only if the dependent is a student and a personal exemption is claimed for such dependent student. Excludes interest paid on education loans from the definition of "personal interest" (thus, allowing a deduction to be taken) unless a credit or deduction with respect to such interest is taken.

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

Timeline

1. 2 February 1993

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 2 February 1993

   Introduced

   Sponsor introductory remarks on measure. (CR S1034-1035)

   Source: IntroReferral

3. 2 February 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 2 February 1993 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 February 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 February 1993

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 2 February 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Boren, David L. [D-OK] · D · Sponsor
• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Sponsor
• Sen. Simon, Paul [D-IL] · D · Sponsor
• Sen. Conrad, Kent [D-ND] · D · Cosponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Cosponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Cosponsor
• Sen. Moseley-Braun, Carol [D-IL] · D · Cosponsor
• · ssfi00 · Standing

Related records

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