Veteran Tax Parity Act

Bill: 113-hr-3843
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2014-01-10
Policy area: Taxation
Subjects: Disability and paralysis

Government lending and loan guarantees

Higher education

Income tax exclusion

Student aid and college costs

Veterans' education, employment, rehabilitation

Veterans' loans, housing, homeless programs
Latest action: action_date: 2014-01-10
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-01-10
action_desc: Introduced in House
text: <p>Veteran Tax Parity Act - Amends the Internal Revenue Code to exclude from gross income imputed income from the discharge of student loan indebtedness of a veteran with a service-connected total disability that is determined to be permanent in nature. </p>

tv_txt: I 113th CONGRESS 2d Session H. R. 3843 IN THE HOUSE OF REPRESENTATIVES January 10, 2014 Mr. Grayson introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income discharges of Federal student loans as a result of veterans’ service-connected total disability that is permanent in nature.

1. Short title This Act may be cited as the Veteran Tax Parity Act . 2. Exclusion from gross income for discharge of Federal student loans of veterans as a result of permanent service-connected total disability (a) In general Paragraph (1) of section 108(f) of the Internal Revenue Code of 1986 is amended by inserting or if such discharge resulted from an individual having a service-connected total disability that is permanent in nature as determined by the Secretary of Veterans Affairs before the period at the end.