Andrew P. Carpenter Tax Act - Amends the Internal Revenue Code to: (1) exclude from the gross income of any cosigner of a student loan of a veteran who died as a result of a service-connected disability any amount attributable to the discharge of the indebtedness on such loan, and (2) subject accounts in the Thrift Savings Fund to a federal tax levy.
Provides that any potential revenue gain from the enactment of this Act shall be deposited in the general fund of the Treasury and shall be used solely for deficit reduction.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Trade .
Mr. Johnson, Sam moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6101-6104)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5044.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H6119-6120)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 0 (Roll no. 585).(text: CR H6101-6102)
Roll Call #585 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 0 (Roll no. 585). (text: CR H6101-6102)
Roll Call #585 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Finance.
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