Sec. 1203. Reforms to discharge of certain student loan indebtedness
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Section 108(f) is amended by adding at the end the following new paragraph: In the case of an individual, gross income does not include any amount which (but for this subsection) would be includible in gross income by reasons of the discharge (in whole or in part) of any loan described in subparagraph
(B)if such discharge was— pursuant to subsection
(a)or
(d)of section 437 of the Higher Education Act of 1965 or the parallel benefit under part D of title IV of such Act (relating to the repayment of loan liability), pursuant to section 464(c)(1)(F) of such Act, or otherwise discharged on account of the death or total and permanent disability of the student. A loan is described in this subparagraph if such loan is— a student loan (as defined in paragraph (2)), or a private education loan (as defined in section 140(7) of the Consumer Credit Protection Act ( 15 U.S.C. 1650(7) )). . Section 108(f)(4) is amended by inserting under section 108 of the Indian Health Care Improvement Act, after 338I of such Act, . The heading for section 108(f)(4) is amended by striking and inserting and certain . , indian health service loan repayment program, and certain
(a)The amendment made by subsection (a)(1) shall apply to discharges of indebtedness after December 31, 2017.
(b)The amendments made by subsection
(b)shall apply to amounts received in taxable years beginning after December 31, 2017.
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Sec. 1203
Reforms to discharge of certain student loan indebtedness
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