H.B. No. 5113
Session Year 2026

AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR THE AMOUNT OF CANCELLED DEBT AND DEBT RELIEF RECEIVED BY A TAXPAYER FOR STUDENT LOANS, MEDICAL DEBT AND CREDIT CARD DEBT.

To establish a personal income tax deduction for the amount of cancelled debt and debt relief received by a taxpayer for student loans, medical debt and credit card debt.

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