0
0
0
Taxi Medallion Loan Forgiveness Debt Relief Act of 2020
2/8/2022, 11:17 PM
Congressional Summary of HR 5617
Taxi Medallion Loan Forgiveness Debt Relief Act of 2020
This bill excludes from gross income, for income tax purposes, income of a taxpayer, other than a C corporation, attributable to the discharge of qualified taxi medallion indebtedness that is discharged before 2023.
Read the Full Bill
Current Status of Bill HR 5617
Bill HR 5617 is currently in the status of Bill Introduced since January 15, 2020. Bill HR 5617 was introduced during Congress 116 and was introduced to the House on January 15, 2020. Bill HR 5617's most recent activity was Referred to the House Committee on Ways and Means. as of January 15, 2020
Bipartisan Support of Bill HR 5617
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
14Democrat Cosponsors
13Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5617
Primary Policy Focus
TaxationPotential Impact Areas
- Debt collection
- Income tax exclusion
- Motor carriers
- Tax administration and collection, taxpayers
- Transportation employees
Alternate Title(s) of Bill HR 5617
Taxi Medallion Loan Forgiveness Debt Relief Act of 2020
To amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on taxi medallions from gross income.
Taxi Medallion Loan Forgiveness Debt Relief Act of 2020
Comments
Sponsors and Cosponsors of HR 5617
Latest Bills
ELO Realignment and Strategic Engagement Reform Act of 2026
Bill HR 7574February 14, 2026
Farm, Food, and National Security Act of 2026
Bill HR 7567February 14, 2026
Expressing the condolences of the House of Representatives and honoring the memory of the victims of the mass shooting in Aurora, Illinois, on February 15, 2019.
Bill HRES 1066February 14, 2026
Condemning and censuring President Donald Trump.
Bill HRES 1065February 14, 2026
To amend the Internal Revenue Code of 1986 to exclude automobiles from being treated as collectibles for purposes of capital gains tax, and for other purposes.
Bill HR 7582February 14, 2026
To allow Americans to earn paid sick time so that they can address their own health needs and the health needs of their families.
Bill HR 7531February 14, 2026
To address the needs of workers in industries likely to be impacted by rapidly evolving technologies.
Bill HR 7585February 14, 2026
To amend the Food, Conservation, and Energy Act of 2008 with respect to the Gus Schumacher Nutrition Incentive Program and the sustainability of such program, and for other purposes.
Bill HR 7571February 14, 2026
Supporting the goals and ideals of "Career and Technical Education Month".
Bill HRES 1063February 14, 2026
To prevent discrimination, including harassment, in employment.
Bill HR 7583February 14, 2026