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- S.1947
S.1947: Income-Based Repayment Debt Forgiveness Act
About This Bill
- Introduced Aug. 5, 2015
- Latest Major Action Aug. 5, 2015
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Income-Based Repayment Debt Forgiveness Act Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, income imputed from the discharge of student loan indebtedness pursuant to a federal program that provides for income contingent or income-based repayment of such loan.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Aug. 5, 2015 |
Read twice and referred to the Committee on Finance.
|
| Aug. 5, 2015 |
Introduced in the Senate by Jeff Merkley (D-Ore.) |