2019 Senate Bill 18

Exempt forgiven disabled veteran student loan proceeds from income tax

Introduced in the Senate

Jan. 15, 2019

Introduced by Sen. Tom Barrett (R-24)

To exempt from state income tax the value of federally-backed student loans to disabled veterans that are “forgiven.” Under current law, the balance of loans that are forgiven after the borrower has already received the money is considered taxable income.

Referred to the Committee on Finance