[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4555 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 4555

To amend the Internal Revenue Code of 1986 to exclude from gross income 
   amounts paid by the Department of Defense toward the repayment of 
    certain student loans owed by members of the uniformed services.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 23, 2002

 Mr. Gary G. Miller of California 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 by the Department of Defense toward the repayment of 
    certain student loans owed by members of the uniformed services.

    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 ``Tax Exemption for Military Student 
Loan Repayments Act''.

SEC. 2. EXCLUSION FROM GROSS INCOME OF STUDENT LOAN REPAYMENTS FOR 
              MEMBERS OF UNIFORMED SERVICES.

    (a) In General.--Section 134(b) of the Internal Revenue Code of 
1986 (relating to qualified military benefits) is amended by 
redesignating paragraphs (2) and (3) as paragraphs (3) and (4), 
respectively, and inserting after paragraph (1) the following new 
paragraph:
            ``(2) Student loan repayments.--The term `qualified 
        military benefit' includes any amount which would (but for this 
        subsection) be includible in gross income of a member of the 
        uniformed services by reason of the discharge (in whole or in 
        part) of any loan if such discharge was pursuant to an 
        education loan repayment program under chapter 109 or 1609 of 
        title 10, United States Code.''.
    (b) Conforming Amendment.--Paragraph (3) of section 134(b)of such 
Code, as redesignated by subsection (a), is amended in subparagraph (A) 
by inserting ``or (2)'' after ``paragraph (1)''.
    (c) Effective Date.--The amendments made by this Act shall apply to 
taxable years beginning after December 31, 2002.
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