Code · BILL · 113th Congress · H.R. 3892 (Introduced in House) — To establish student loan borrowers’ rights to basic consumer protections, reasonable and flexible repayment options,... · Sec. 201

Sec. 201. Exclusion from gross income for discharge of student loan indebtedness

103 words·~1 min read·/bill/113/hr/3892/ih/section-201

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Paragraph

(1)of section 108(f) of the Internal Revenue Code of 1986 is amended by striking if such discharge and all that follows and inserting a period. Paragraph

(2)of section 108(f) of such Code is amended by striking made by— and all that follows and inserting the following: . Such term includes indebtedness used to refinance indebtedness which qualifies as a student loan under the preceding sentence. . Section 108(f) of such Code is amended by striking paragraphs

(3)and (4). The amendments made by this section shall apply to discharges of indebtedness after the date of the enactment of this Act.