HR 5204 · 114th Congress · Taxation

Stop Taxing Death and Disability Act

Introduced 2016-05-12· Sponsored by Rep. Roskam, Peter J. [R-IL-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 674.(2016-12-08)

Plain Language Summary

[AI summary unavailable — showing source 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.)…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 5204, Stop Taxing Death and Disability Act

Sep 27, 2016

As ordered reported by the House Committee on Ways and Means on September 21, 2016

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (17)

8 Democrats9 Republicans