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S. 1248

BillFederalSenateIn Committee
A bill to exclude the discharge of certain Federal student loans from the calculation of gross income.
About This Bill
Committee
Latest Action · April 30, 2019
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
April 30, 2019
Sponsor
Sen. Jeff MerkleyD
Cosponsors (1)
1D 0R
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Summary

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Income-Based Repayment Debt Forgiveness Act This bill modifies the requirements for calculating taxable income to exclude from the gross income of an individual any income that is attributable to the discharge of a federal student loan pursuant to a federal program or law that provides for income contingent or income-based repayment of the loan.

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