Generating Opportunity by Forgiving Educational Debt for Service Act of 2007
Last action on May 23, 2007Sponsor introductory remarks on measure. (CR H5627)
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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.
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