Introduced
by
To revise the tax treatment of income attributable to the discharge of certain student loans by “flow-through entity” type businesses (partnerships, subchapter-S corporations). The bill would also revise the structure of state income taxes levied on these businesses and their owners by creating a new "flow-through entity tax," which proponents say would reduce the amount of federal tax these taxpayers must pay but not affect their payments to the state.
Referred to the Committee of the Whole
Substitute offered
by
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Passed in the House 105 to 2 (details)
To revise the tax treatment of income attributable to the discharge of certain student loans by “flow-through entity” type businesses (partnerships, subchapter-S corporations). The bill would also revise the structure (but not the substance) of state income taxes levied on these businesses and their owners by creating a new "flow-through entity tax".
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Substitute offered
by
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Passed in the Senate 34 to 2 (details)
To revise the tax treatment of income attributable to the discharge of certain student loans by “flow-through entity” type businesses (partnerships, subchapter-S corporations). The bill would also revise the structure (but not the substance) of state income taxes levied on these businesses and their owners by creating a new "flow-through entity tax".
Passed in the House 100 to 3 (details)
To concur with the Senate-passed version of the bill.
