Introduced in House Passed House Introduced in Senate Passed Senate To President Became Law
02/12/2020          

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.

Date Version PDF TXT
02/12/2020 Introduced in House Open

            I 

116TH CONGRESS 
2D SESSION H. R. 5863 

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 

FEBRUARY 12, 2020 
Mrs. HARTZLER (for herself, Mr. GARAMENDI, Mr. MEADOWS, Mr. NOR-

CROSS, Mr. STEWART, Mr. LARSEN of Washington, Mr. COLE, Mr. 
COURTNEY, Mr. SMITH of Missouri, Mr. RIGGLEMAN, Mr. LAMBORN, Mr. 
BUDD, Mr. NORMAN, Mr. BANKS, Mr. CLINE, Mr. SPANO, Mr. 
GROTHMAN, Mr. YOHO, Mr. JOHNSON of South Dakota, Mr. 
LOUDERMILK, Mr. LAMALFA, Mr. DAVID P. ROE of Tennessee, Mr. FLO-
RES, Mr. MCKINLEY, Mr. KING of Iowa, and Mr. DUNCAN) 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-1

tives of the United States of America in Congress assembled, 2

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2 

•HR 5863 IH

SECTION 1. STUDENT LOAN INTEREST DEDUCTION LIMITA-1

TION APPLIED SEPARATELY TO EACH 2

SPOUSE. 3

(a) IN GENERAL.—Section 221(b)(1) of the Internal 4

Revenue Code of 1986 is amended to read as follows: 5

‘‘(1) IN GENERAL.—The interest taken into ac-6

count with respect to a taxpayer for a taxable year 7

under subsection (a) for indebtedness incurred by an 8

individual shall not exceed $2,500.’’. 9

(b) CONFORMING AMENDMENTS.—Section 221 of 10

such Code is amended— 11

(1) in subsection (b), by striking the heading 12

and inserting ‘‘DOLLAR LIMITATIONS’’, and 13

(2) by amending subsection (e) to read as fol-14

lows: 15

‘‘(e) DENIAL OF DOUBLE BENEFIT.—No deduction 16

shall be allowed under this section for any amount for 17

which a deduction is allowable under any other provision 18

of this chapter.’’. 19

(c) EFFECTIVE DATE.—The amendments made by 20

this section shall apply to taxable years beginning after 21

December 31, 2019. 22

Æ 

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Picture Name From Date Type
Vicky Hartzler R-MO 02/12/2020 Sponsor
Ted Yoho R-FL 02/12/2020 Cosponsor
Chris Stewart R-UT 02/12/2020 Cosponsor
Ross Spano R-FL 02/12/2020 Cosponsor
Jason Smith R-MO 02/12/2020 Cosponsor
David Roe R-TN 02/12/2020 Cosponsor
Denver Riggleman R-VA 02/12/2020 Cosponsor
Ralph Norman R-SC 02/12/2020 Cosponsor
Donald Norcross D-NJ 02/12/2020 Cosponsor
Mark Meadows R-NC 02/12/2020 Cosponsor
David McKinley R-WV 02/12/2020 Cosponsor
Barry Loudermilk R-GA 02/12/2020 Cosponsor
1 to 12 of 27 Desc 12
Date Branch Action
02/12/2020 President Referred to the House Committee on Ways and Means.Action By: House of Representatives
02/12/2020 President Introduced in HouseAction By: House of Representatives
Summary
There is one summary for H.R.5863. View summaries Shown Here:Introduced in House (02/12/2020) This bill revises the tax deduction for interest on education loans to provide that the $2,500 limitation on such deduction shall apply separately to each taxpayer claiming the deduction.
Shown Here:Introduced in House (02/12/2020) This bill revises the tax deduction for interest on education loans to provide that the $2,500 limitation on such deduction shall apply separately to each taxpayer claiming the deduction.
Congress - Bill Number Major Title
Branch Vote Date Yes No Not Voting
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Bill TEXT Points.
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Congress


House of Representatives
House of Representatives 2020-02-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain

Iowa
King of Iowa, and Mr

Missouri
Smith of Missouri, Mr


End Bill TEXT Points.
Date Bill Major Title
Committee Name
Subject Type