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To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation period on the allowance of a deduction of interest on loans for higher education expenses.
1/16/2023, 11:33 PM
Congressional Summary of HR 686
Amends the Internal Revenue Code to eliminate the 60-month limit on student loan interest deductions.
Read the Full Bill
Current Status of Bill HR 686
Bill HR 686 is currently in the status of Bill Introduced since February 14, 2001. Bill HR 686 was introduced during Congress 107 and was introduced to the House on February 14, 2001. Bill HR 686's most recent activity was See H.R.1836. as of August 13, 2001
Bipartisan Support of Bill HR 686
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
58Democrat Cosponsors
56Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 686
Primary Policy Focus
TaxationPotential Impact Areas
- Education
- Finance and Financial Sector
- Higher education
- Income tax
- Interest
- Personal income tax
- Student loan funds
- Tax deductions
Alternate Title(s) of Bill HR 686
To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation period on the allowance of a deduction of interest on loans for higher education expenses.
To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation period on the allowance of a deduction of interest on loans for higher education expenses.
Comments
Sponsors and Cosponsors of HR 686
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