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
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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