,i  #aadth ,,congress  #ast ,session    
,h4 ,r4 #bhgd  ,,in ,,the ,,house ,,of  
,,representatives  ,june #bd1 #bjae ,mr4
 ,des,jarlais 7for himself1 ,mrs4       
,blackburn1 ,mr4 ,cooper1 ,mr4 ,duncan  
of ,tennessee1 ,mr4 ,fleischmann1 ,mr4  
,roe of ,tennessee1 ,mr4 ,poliquin1 ,mr4
 ,fincher1 ,mrs4 ,black1 ,mr4 ,jordan1  
and ,mr4 ,massie7 introduced the        
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to exclude from gross   
income any discharge of indebtedness    
income on education loans of deceased   
veterans4  #a4 ,short title ,this ,act  
may be cited as the ,andrew ,p4         
,carpenter ,tax ,act4  #b4 ,discharge of
 indebtedness income on education loans 
of deceased veterans  7a7 ,in general   
,subsection 7f7 of section #ajh of the  
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new paragraph3  7#e7 ,deceased
 veterans  7,a7 ,in general ,in the case

 of any student loan described in       
subparagraph 7,b7 of an individual who  
is a veteran who served on active duty  
in the ,armed ,forces of the ,united    
,states and who is deceased as a result 
of a service-connected disability1 no   
amount which 7but for this paragraph7   
would otherwise be includible in gross  
income by reason of the discharge 7in   
whole or in part7 of such loan shall be 
includible in gross income of any       
cosigner on such loan4  7,b7 ,student   
loan described ,for purposes of         
subparagraph 7,a71 a student loan       
described in this subparagraph is a loan
 that--  7i7 is made1 insured1 or       
guaranteed under title ,,iv of the      
,higher ,education ,act of #aife1 or    
7ii7 is a private education loan 7as    
defined in section #adj7;a77#g7 of the  
,truth in ,lending ,act 7#ae ,u4,s4,c4  
#afej7;a77#g7771 made by an entity      
7other than an entity described in      
paragraph 7#b77 to an individual to     
assist the individual in attending an   

educational organization described in   
section #agj7;b77#a77;,a77ii74  7,c7    
,service-connected disability ,for      
purposes of subparagraph 7,a71 the term 
service-connected disability has the    
meaning given such term by section      
#aja7af7 of title #ch1 ,united ,states  
,code4  4  7b7 ,effective date ,the     
amendments made by this section shall   
apply to discharges of indebtedness     
occurring on or after ,october #g1      
#bjja4  7c7 ,waiver of limitation for   
credits and refunds attributable to this
 ,act ,if the credit or refund of any   
overpayment of tax resulting from the   
application of the amendment made by    
subsection 7a7 to a period before the   
date of enactment of this ,act is       
prevented as of such date by the        
operation of any law or rule of law     
7including res judicata71 such credit or
 refund may nevertheless be allowed or  
made if the claim therefor is filed     
before the close of the #a-year period  
beginning on the date of the enactment  

of this ,act4