Clerk session vote number: 585
Description: To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of indebtedness income on education loans of deceased veterans
Bill summary: Andrew P. Carpenter Tax Act - Amends the Internal Revenue Code to: (1) exclude from the gross income of any cosigner of a student loan of a veteran who died as a result of a service-connected disability any amount attributable to the discharge of the indebtedness on such loan, and (2) subject accounts in the Thrift Savings Fund to a federal tax levy.
Provides that any potential revenue gain from the enactment of this Act shall be deposited in the general fund of the Treasury and shall be used
solely for deficit reduction.
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Bill titles: To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of indebtedness income on education loans of deceased veterans.
Links for more info on the vote: congress.gov