H.R. 1056 · 108th Congress
Generating Opportunity by Forgiving Educational Debt for Service Act of 2003
- Stage
- In committee
- Sponsor
- Tom Davis
- Introduced
- 2003-03-04
- Latest action
- 2003-03-04 · Introduced in House
Summary
Generating Opportunity by Forgiving Educational Debt for Service Act of 2003 - Amends the Internal Revenue Code and the Social Security Act to exclude: (1) from the gross income of a Federal employee amounts the Federal Government repays on the employee's student loans; and (2) such payments from counting as wages for the calculation of Social Security taxes.