Introduced
by
To exempt from state income tax the value of federally-backed student loans to disabled veterans that have been “forgiven.” Under current law, the balance of loans that are forgiven after the borrower has already received the money is considered taxable income.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 35 to 0 (details)
To exempt from state income tax the value of federally-backed student loans to disabled veterans that have been “forgiven.” Under current law, the balance of loans that are forgiven after the borrower has already received the money is considered taxable income. This would be retroactive to 2016.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 105 to 2 (details)
To exempt from state income tax the value of federally-backed student loans to disabled veterans that have been “forgiven.” Under current law, the balance of loans that are forgiven after the borrower has already received the money is considered taxable income. This would be retroactive to 2016.
