2025 Regular Session • Indiana Legislature
HB1361: Exclusion of discharged student loans as income.
Legislative Summary
Exclusion of discharged student loans as income. Provides that the Indiana adjusted gross income add back of forgiven federal student loan debt that is excluded under the Internal Revenue Code applies only to the 2021 taxable year and does not apply to forgiven federal student loan debt forgiven in subsequent taxable years.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
1/13/2025
Authored by Representative Porter
House of Representatives
1/13/2025
First reading: referred to Committee on Ways and Means
House of Representatives
Status Information
Current Status
Introduced(1/13/2025)
Chamber
House of Representatives
Committee
Ways and Means(House of Representatives)
Sponsors
Democrat: 1
Primary Sponsor
Gregory Porter
Democrat