HR 5719 · 112th Congress · Taxation

Student Loan Interest Deduction Act of 2012

Introduced 2012-05-10· Sponsored by Rep. Rangel, Charles B. [D-NY-15]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2012-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] Student Loan Interest Deduction Act of 2012 - Amends the Internal Revenue Code to: (1) increase the maximum tax deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on such deduction based upon modified adjusted gross income. Makes permanent the elimination of the five-year limitation on such tax deduction.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (13)

12 Democrats1 Republican
Rep. McDermott, Jim [D-WA-7]WA
Rep. Pascrell, Bill, Jr. [D-NJ-8]NJ
Rep. Lewis, John [D-GA-5]GA
Rep. Berkley, Shelley [D-NV-1]NV
Rep. Neal, Richard E. [D-MA-2]MA
Rep. Larson, John B. [D-CT-1]CT
Rep. Gerlach, Jim [R-PA-6]PA
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Meeks, Gregory W. [D-NY-6]NY
Rep. Nadler, Jerrold [D-NY-8]NY
Rep. Jackson Lee, Sheila [D-TX-18]TX
Rep. Bass, Karen [D-CA-33]CA
Rep. Kucinich, Dennis J. [D-OH-10]OH