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Tax Relief for Veterans: Discharged Student Loans Exempt from Tax

This act amends the Internal Revenue Code of 1986 to exclude discharged student loan debt from gross income for veterans. This applies to individuals killed or totally and permanently disabled in connection with their service in the U.S. Armed Forces. These changes apply retroactively to the period after December 31, 2000.
Key points
Veterans killed or totally and permanently disabled in connection with service are exempt from tax on discharged student loan debt.
The change applies to the period after December 31, 2000.
The act amends the Internal Revenue Code of 1986 regarding the exclusion of discharged debt from gross income.
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Additional Information
Print number: 117_HR_5097
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2021-08-24
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

V.E.T. Student Loans Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5097.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-08-24.

What are the main provisions?

Key points include:

  • Veterans killed or totally and permanently disabled in connection with service are exempt from tax on discharged student loan debt.
  • The change applies to the period after December 31, 2000.
  • The act amends the Internal Revenue Code of 1986 regarding the exclusion of discharged debt from gross income.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

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