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I
117TH CONGRESS
1ST SESSION H. R. 3196
To amend the Internal Revenue Code of 1986 to allow married couples
to apply the student loan interest deduction limitation separately to
each spouse, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MAY 13, 2021
Mrs. HARTZLER (for herself, Mr. GARAMENDI, Mr. BUDD, Mr. NORMAN, Mr.
SMITH of Missouri, Mr. COURTNEY, Mr. COLE, Mr. GAETZ, Mr.
LATURNER, Mrs. LESKO, Mr. OWENS, Mr. STEUBE, Mr. RICE of South
Carolina, Mr. BABIN, Mr. GOOD of Virginia, Mr. MCKINLEY, Mrs. WAG-
NER, Mr. KELLY of Pennsylvania, Mr. TAKANO, Mr. GROTHMAN, Mrs.
MILLER-MEEKS, and Mr. HERN) 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 allow mar-
ried couples to apply the student loan interest deduction
limitation separately to each spouse, and for other pur-
poses.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Student Loan Mar-
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riage Penalty Elimination Act of 2021’’.
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•HR 3196 IH
SEC. 2. STUDENT LOAN INTEREST DEDUCTION LIMITATION
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APPLIED SEPARATELY TO EACH SPOUSE.
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(a) IN GENERAL.—Section 221(b)(1) of the Internal
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Revenue Code of 1986 is amended to read as follows:
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‘‘(1) IN GENERAL.—The interest taken into ac-
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count with respect to a taxpayer for a taxable year
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under subsection (a) for indebtedness incurred by an
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individual shall not exceed $2,500.’’.
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(b) CONFORMING AMENDMENTS.—Section 221 of
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such Code is amended—
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(1) in subsection (b), by striking the heading
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and inserting ‘‘DOLLAR LIMITATIONS’’, and
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(2) by amending subsection (e) to read as fol-
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lows:
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‘‘(e) DENIAL OF DOUBLE BENEFIT.—No deduction
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shall be allowed under this section for any amount for
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which a deduction is allowable under any other provision
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of this chapter.’’.
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(c) EFFECTIVE DATE.—The amendments made by
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this section shall apply to taxable years beginning after
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December 31, 2020.
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