[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6010 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 6010

   To amend the Internal Revenue Code of 1986 to increase the income 
  limitations for the student loan interest deduction, and for other 
                               purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 21, 2012

Mr. Lewis of Georgia 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 increase the income 
  limitations for the student loan interest deduction, 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. INCREASE IN INCOME LIMITATION FOR STUDENT LOAN INTEREST 
              DEDUCTION.

    (a) In General.--Subclause (II) of section 221(b)(2)(B)(i) of the 
Internal Revenue Code 1986 is amended by striking ``$50,000 ($100,000'' 
and inserting ``$75,000 ($150,000''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.

SEC. 2. PERMANENT EXTENSION ELIMINATION OF 60-MONTH LIMIT AND INCREASE 
              IN INCOME LIMITATION ON STUDENT LOAN INTEREST DEDUCTION.

    Section 901 of the Economic Growth and Tax Relief Reconciliation 
Act of 2001 is amended by adding at the end the following new 
subsection:
    ``(c) Exception.--Subsection (a) shall not apply to the amendments 
made by section 412.''.
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