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.

referredUnited States· United States Congress· EN

Introduced

20 June 1974

Last action

—

Status

Referred to Senate Committee on Finance.

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 was pursuant to a provision of the loan under which the indebtedness would be discharged if the individual worked for certain classes of employers. Defines "student loan" for purposes of this Act.

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Documents

1 official file

Introduced in Senate
summary · EN · 20 June 1974
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/3680
Open data entity: https://api.congress.gov/v3/bill/93/s/3680