H.R. 5044 · 112th Congress
Andrew P. Carpenter Tax Act
- Stage
- Passed a chamber
- Sponsor
- Scott DesJarlais
- Introduced
- 2012-04-27
- Latest action
- 2012-09-20 · Received in the Senate and Read twice and referred to the Committee on Finance.
Summary
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.