Code · BILL · 116th Congress · H.R. 6316 (Introduced in House) — To provide relief for Federal and private student loan borrowers during the COVID–19 pandemic, and for other purposes. · Sec. 6

Sec. 6. Exclusion from gross income

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Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139H the following new section: Gross income shall not include any payment made on behalf of the taxpayer under section 493E(b)(1) of the Higher Education Act of 1965, section 140(h) of the Truth in Lending Act, or section 4 of the Emergency Relief for Student Borrowers Act of 2020. . The table of sections for part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item relating to section 139H the following new item:

Sec. 139I. Student loan payments resulting from the COVID–19 national emergency. . The amendments made by this section shall apply to taxable years beginning after December 31, 2019.