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H. Rept. 114-861 1 (2016-12-08)

handle is hein.congrecreports/crptxtbs0001 and id is 1 raw text is: AUTHENTICATEO U.S. GOVERNMENT INFORMATION Gp 114TH CONGRESS REPT. 114-861 2d Session HOUSE OF REPRESENTATIVES Part 1 STOP TAXING DEATH AND DISABILITY ACT DECEMBER 8, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. BRADY of Texas, from the Committee on Ways and Means, submitted the following REPORT together with ADDITIONAL VIEWS [To accompany H.R. 5204] [Including cost estimate of the Congressional Budget Office] The Committee on Ways and Means, to whom was referred the bill (H.R. 5204) to amend the Internal Revenue Code of 1986 and the Higher Education Act of 1965 to provide an exclusion from in- come for student loan forgiveness for students who have died or be- come disabled, having considered the same, report favorably there- on with an amendment and recommend that the bill as amended do pass. CONTENTS Page I. SUMMARY AND BACKGROUND ............................................................... 2 A. Purpose and Sum m ary .................................................................... 2 B. Background and Need for Legislation ............................................ 2 C. Legislative H istory ........................................................................... 3 II. EXPLANATION OF THE BILL ................................................................... 3 A. Treatment of Student Loans Discharged on Account of Death or Disability (sec. 2(a) of the bill and sec. 108(f) of the Code) .... 3 III. VOTES OF THE COMMITTEE .................................................................... 5 IV. BUDGET EFFECTS OF THE BILL .......................................................... 5 A. Committee Estimate of Budgetary Effects ...................................... 5 B. Statement Regarding New Budget Authority and Tax Expendi- tu res ................................................................................................ 5 C. Cost Estimate Prepared by the Congressional Budget Office ....... 6 V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF TH E H O U SE .............................................................................................. 9 A. Committee Oversight Findings and Recommendations ................. 9 69-006

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