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- S.1973
S.1973: A bill to amend the Internal Revenue Code of 1986 to expand the deduction for interest on education loans, to extend and expand the deduction for qualified tuition and related expenses, and eliminate the limitation on contributions to Coverdell education
About This Bill
- Introduced Aug. 5, 2015
- Latest Major Action Aug. 5, 2015
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to: (1) allow an unlimited tax deduction for student loan interest, (2) repeal the dollar limitation on the tax deduction for qualified tuition and related expenses and make such deduction permanent; (3) allow a carryover to succeeding taxable years of amounts of the deduction for qualified tuition and related expenses that exceed a taxpayer's taxable income; and (4) repeal the dollar limitation on...
(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 Rand Paul (R-Ky.) |