[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4214 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4214

To amend the Internal Revenue Code of 1986 to exclude from gross income 
   amounts paid under certain Federal programs for the repayment of 
             student loans of members of the Armed Forces.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 6, 2000

 Mr. Pitts (for himself, Mrs. Chenoweth-Hage, Mr. Spence, Mr. Hunter, 
 Mr. Weldon of Pennsylvania, Mr. English, Mr. Hansen, Mr. Hostettler, 
  Mr. Smith of Washington, Mr. Hayes, Mr. Evans, Mr. Cox, Mr. Graham, 
 Mrs. Cubin, Mr. Stupak, Mr. Souder, Mr. Jones of North Carolina, Mr. 
Schaffer, Mr. Dickey, Mr. Paul, Mr. Tancredo, Mr. Tiahrt, Mr. Metcalf, 
 Mr. Green of Wisconsin, Mr. Doolittle, Mr. Largent, Mr. McGovern, Mr. 
 Ose, and Mr. Armey) introduced the following bill; which was referred 
                   to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to exclude from gross income 
   amounts paid under certain Federal programs for the repayment of 
             student loans of members of the Armed Forces.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Armed Forces Educational Relief Act 
of 2000''.

SEC. 2. EXCLUSION FROM GROSS INCOME FOR CERTAIN PAYMENTS ON STUDENT 
              LOANS OF MEMBERS OF THE ARMED FORCES.

    (a) In General.--Part III of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 (relating to items specifically excluded 
from gross income) is amended by redesignating section 139 as section 
139A and by inserting after section 138 the following new section:

``SEC. 139. CERTAIN PAYMENTS ON STUDENT LOANS OF MEMBERS OF ARMED 
              FORCES.

    ``Gross income shall not include any payment made under chapter 109 
or 1609 of title 10, United States Code.''
    (b) Clerical Amendment.--The table of sections for such part III is 
amended by striking the last item and inserting the following new 
items:

                              ``Sec. 139. Certain payments on student 
                                        loans of members of Armed 
                                        Forces.
                              ``Sec. 139A. Cross references to other 
                                        Acts.''
    (c) Effective Date.--The amendments made by this section shall 
apply to payments in taxable years ending after the date of the 
enactment of this Act.
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