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.

Introduced by:
Finance, Revenue and Bonding Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 3/5/2026Public Hearing 03/11
 3/3/2026Referred to Joint Committee on Finance, Revenue and Bonding
 3/2/2026Drafted by Committee
 2/13/2026(FIN)Vote to Draft
 2/10/2026Referred to Joint Committee on Finance, Revenue and Bonding

Co-sponsors of HB-5113

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