H.R. 5719 (112th): Student Loan Interest Deduction Act of 2012

Introduced:
May 10, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Charles Rangel [D-NY15]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 1527 on Apr 12, 2013. See H.R. 1527 for current action on this subject.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

(About Ads | Advertise Here)
Status

This bill was introduced on May 10, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced May 10, 2012
Referred to Committee May 10, 2012
Cosponsors
13 cosponsors (12D, 1R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to increase the deduction allowed for student loan interest.

Summary

No summaries available.

Text

Read Bill Text »

Last updated May 10, 2012.
2 pages

Primary Source

View on THOMAS (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.

Citation

Click a format for a citation suggestion:

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/10/2012--Introduced.
Student Loan Interest Deduction Act of 2012 - Amends the Internal Revenue Code to: (1) increase the maximum tax deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on such deduction based upon modified adjusted gross income. Makes permanent the elimination of the five-year limitation on such tax deduction.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.