Home > 106th Congressional Bills > H.R. 3385 (ih) To strengthen provisions in the Federal Nonnuclear Energy Research and Development Act of 1974 with respect to potential Climate Change. [Introduced in House] ...
H.R. 3385 (ih) To strengthen provisions in the Federal Nonnuclear Energy Research and Development Act of 1974 with respect to potential Climate Change. [Introduced in House] ...
108th CONGRESS
1st Session
H. R. 3384
To amend the Internal Revenue Code of 1986 to repeal the limitations on
the maximum amount of the deduction of interest on education loans.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 28, 2003
Mr. Wu 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 repeal the limitations on
the maximum amount of the deduction of interest on education loans.
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 ``Student Loan Interest Full
Deductibility Act''.
SEC. 2. REPEAL OF LIMITATIONS ON MAXIMUM AMOUNT OF DEDUCTION OF
INTEREST ON EDUCATION LOANS.
(a) In General.--Section 221 of the Internal Revenue Code of 1986
(relating to maximum deduction) is amended--
(1) by striking subsections (b) and (f), and
(2) by redesignating subsections (c), (d), and (e) as
subsections (b), (c), and (d), respectively.
(b) Conforming Amendment.--Section 6050S(e) of such Code is amended
by striking ``section 221(d)(1)''and inserting ``section 221(c)(1)''.
(c) Effective Date.--The amendment made by this section shall apply
to payments made in taxable years beginning after December 31, 2002.
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