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United States · Bill · S

S. 656 (101st)

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

referredUnited States· United States Congress· EN

Introduced

17 March 1989

Last action

17 March 1989 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Rep. Grassley, Chuck [R-IA-3], Sen. Danforth, John C. [R-MO], Sen. Durenberger, Dave [R-MN], Sen. Bingaman, Jeff [D-NM], Sen. D'Amato, Alfonse [R-NY], Rep. Cochran, Thad [R-MS-4], Sen. Wilson, Pete [R-CA], Rep. Symms, Steven D. [R-ID-1], Sen. Helms, Jesse [R-NC], Sen. Shelby, Richard C. [D-AL], Sen. Levin, Carl [D-MI], Rep. Armstrong, William L. [R-CO-5], Sen. Gore, Albert, Jr. [D-TN], Sen. Heflin, Howell [D-AL], Rep. Jeffords, James M. [R-VT-At Large], Sen. McClure, James A. [R-ID], Rep. Pressler, Larry [R-SD-1], Rep. Lott, Trent [R-MS-5], Sen. Matsunaga, Spark M. [D-HI], Sen. Hollings, Ernest F. [D-SC], Sen. Conrad, Kent [D-ND], Sen. Glenn, John H., Jr. [D-OH], Sen. Kerry, John F. [D-MA]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred to pay the educational expenses, including reasonable living expenses, of the taxpayer, spouse, or dependent.

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

Timeline

  1. 17 March 1989

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 17 March 1989

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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