This bill removes two tax restrictions on qualified student loan bonds, which are bonds used to finance education loans. Specifically, it exempts these bonds from the "volume cap," a federal limit on how many tax-exempt bonds states and municipalities can issue, and from the "alternative minimum tax," a parallel tax system that can apply to certain high-income earners. These changes are intended to make it easier and cheaper for states and lenders to finance student loans by expanding the pool of available tax-exempt bonds. The bill applies to all qualified student loan bonds issued after the law's enactment and includes technical changes to ensure the exemptions work properly under current tax code rules. There is no specific funding authorization or sunset date mentioned in the legislation.
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