Stop Taxing Death and Disability Act

Bill: 114-hr-5204
Sponsor: Rep. Roskam, Peter J. [R-IL-6]
Introduced: 2016-05-12 in the House
Policy area: Taxation
Subjects: Disability and paralysis
Higher education
Income tax exclusion
Student aid and college costs

Summary:
action_date: 2016-05-12
text: 

Stop Taxing Death and Disability Act 

 
This bill amends the Internal Revenue Code to exclude from the gross income of an individual the discharge of student loans or private education loans due to the death or disability of the student.
 
The bill also amends the Higher Education Act of 1965 to require the Department of Education (ED) to discharge the liability on loans that parents received on behalf of a student who: (1) has become permanently and totally disabled, or (2) is unable to engage in any substantial gainful activity due to a physical or mental impairment that can be expected to result in death or has lasted or is expected to last continuously for at least 60 months. (Under current law, ED is required to discharge the loans to parents if the student dies.) 

action_date: 2016-12-08
text: 

Stop Taxing Death and Disability Act 

 
(Sec. 2) This bill amends the Internal Revenue Code to exclude from the gross income of an individual the discharge of student loans or private education loans due to the death or disability of the student.
 
The bill also amends the Higher Education Act of 1965 to require the Department of Education (ED) to discharge the liability on loans that parents received on behalf of a student who: (1) has become permanently and totally disabled, or (2) is unable to engage in any substantial gainful activity due to a physical or mental impairment that can be expected to result in death or has lasted or is expected to last continuously for at least 60 months. (Under current law, ED is required to discharge the loans to parents if the student dies.) 


Legislative actions:
action_date: 2016-12-08
text: Placed on the Union Calendar, Calendar No. 674.
action_date: 2016-12-08
text: Committee on Education and the Workforce discharged.
action_date: 2016-12-08
text: Committee on Education and the Workforce discharged.
action_date: 2016-12-08
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-861, Part I.
action_date: 2016-12-08
text: Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-861, Part I.
action_date: 2016-09-21
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2016-09-21
text: Committee Consideration and Mark-up Session Held.
action_date: 2016-09-19
text: Referred to the Subcommittee on Higher Education and Workforce Training.
action_date: 2016-05-12
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-05-12
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-05-12
text: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2016-05-12
text: Introduced in House
action_date: 2016-05-12
text: Introduced in House