Sec. 7. Exclusion for loan forgiveness of certain student loans
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Paragraph
(1)of section 108(f) of the Internal Revenue Code of 1986 is amended by striking any student loan if and all that follows and inserting any student loan if— such discharge was pursuant to a provision of such loan under which all or part of the indebtedness of the individual would be discharged if the individual worked for a certain period of time in certain professions for any of a broad class of employers, or such discharge was pursuant to section 499B(i) of the Higher Education Act of 1965 (relating to the cancellation of loan liability). . The amendment made by subsection
(a)shall apply to discharges of indebtedness after the date of enactment of this Act.