[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1765 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1765

To amend the Internal Revenue Code of 1986 to exclude from gross income 
amounts paid on behalf of Federal employees under Federal student loan 
              repayment programs, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 21, 2005

  Mr. Tom Davis of Virginia (for himself, Mr. Porter, Mr. Hoyer, Mr. 
Lewis of Kentucky, Mr. McHugh, Mr. Wolf, Mr. Alexander, Mr. Putnam, Mr. 
 Ruppersberger, Mrs. Jo Ann Davis of Virginia, Mr. Sanders, Mr. Payne, 
  Mr. Van Hollen, Mr. Allen, Mr. Cummings, Mr. Farr, Mr. Pallone, Mr. 
Moran of Virginia, Mr. Owens, Mr. Tierney, Mr. Waxman, Mr. Wexler, Mr. 
Wynn, Mr. Davis of Illinois, Mr. Frank of Massachusetts, Mr. Grijalva, 
   Ms. Norton, Mr. Rush, Mr. Weiner, Mr. Conyers, Mrs. Maloney, Ms. 
Watson, Mr. McDermott, and Mr. Brown of Ohio) introduced the following 
  bill; which was referred to the Committee on Ways and Means, and in 
  addition to the Committee on Government Reform, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to exclude from gross income 
amounts paid on behalf of Federal employees under Federal student loan 
              repayment programs, and for other purposes.

    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 ``Generating Opportunity by Forgiving 
Educational Debt for Service Act of 2005''.

SEC. 2. EXCLUSION FOR STUDENT LOAN REPAYMENTS BY THE FEDERAL 
              GOVERNMENT.

    (a) Exclusion From Gross Income.--Section 108(f) of the Internal 
Revenue Code of 1986 (relating to student loans) is amended by adding 
at the end the following:
            ``(5) Student loan repayments by federal government.--In 
        the case of an individual, gross income does not include any 
        payments made by the Federal Government on behalf of such 
        individual under--
                    ``(A) section 5379 of title 5, United States Code, 
                or
                    ``(B) any other similar Federal program for its 
                employees.''
    (b) Exclusion From Wages.--
            (1) In general.--Section 3121(a) of such Code (defining 
        wages) is amended by striking ``or'' at the end of paragraph 
        (21), by striking the period at the end of paragraph (22) and 
        inserting ``; or'', and by adding at the end the following:
            ``(23) any payment excluded from gross income under section 
        108(f)(4) (relating to student loan repayments by Federal 
        Government).''.
            (2) Social security act.--Section 209(a) of the Social 
        Security Act (42 U.S.C. 409(a)) is amended by striking ``or'' 
        at the end of paragraph (18), by striking the period at the end 
        of paragraph (19) and inserting ``; or'', and by adding at the 
        end the following:
            ``(20) Any payment excluded from gross income under section 
        108(f)(4) of the Internal Revenue Code of 1986 (relating to 
        student loan repayments by Federal Government).''.
    (c) Effective Date.--The amendments made by this section shall 
apply to payments made in taxable years beginning after December 31, 
2004.

SEC. 3. REPORTING REQUIREMENT.

    (a) In General.--Section 5379(h)(2) of title 5, United States Code, 
is amended by inserting ``and the agencies that have not'' after ``the 
agencies that have''.
    (b) Effective Date.--The amendment made by this section shall apply 
to reports submitted after the end of the 3-month period beginning on 
the date of enactment of this Act.
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