S. 1047 · 110th Congress
Generating Opportunity by Forgiving Educational Debt for Service Act of 2007
- Stage
- In committee
- Sponsor
- George Voinovich
- Introduced
- 2007-03-29
- Latest action
- 2007-03-29 · Introduced in Senate
Summary
Generating Opportunity by Forgiving Educational Debt for Service Act of 2007 - Amends the Internal Revenue Code to exclude from gross income student loan repayments by the federal government on behalf of federal employees and members of the Armed Forces on active duty. Exempts such repayments from social security taxes.