2021 Senate Bill 25

House Roll Call 472: Passed

To exempt from state income tax the value of federally-backed student loans to disabled veterans that have been “forgiven.” Under current law, the balance of loans that are forgiven after the borrower has already received the money is considered taxable income. This would be retroactive to 2016.

105 Yeas / 2 Nays
Republican (54 Yeas / 2 Nays)
Democrat (51 Yeas / 0 Nays)
Excused or Not Voting (2)