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H.R. 5239

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of student loan indebtedness.
About This Bill
Committee
Latest Action · July 29, 2014
Referred to the House Committee on Ways and Means.
Congress
113th (2013–2015)
Introduced
July 29, 2014
Sponsor
Rep. Mark PocanD
Cosponsors (17)
17D 0R
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Summary

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Amends the Internal Revenue Code, with respect to the exclusion from gross income of income attributable to the discharge of student loan indebtedness, to: (1) include indebtedness discharged due to income-contingent and income-based repayment plans, the death or disability of the borrower, or the closing of an educational institution; and (2) revise the definition of "student loan" to mean a loan made by any lender, including a loan for the refinancing of an existing loan.

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