To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2660 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2660 To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 7, 2025 Mr. Feenstra introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. QUALIFIED STUDENT LOAN BONDS EXEMPT FROM VOLUME CAP AND ALTERNATIVE MINIMUM TAX. (a) Exemption From Volume Cap.-- (1) In general.--Section 146(g) of the Internal Revenue Code of 1986 is amended by redesignating paragraphs (2) through (6) as paragraphs (3) through (7), respectively, and by inserting after paragraph (1) the following new paragraph: ``(2) any qualified student loan bond,''. (2) Special rule for application of pooled financing bond rules.--Section 149(f)(6) of such Code is amended by adding at the end the following new subparagraph: ``(C) Special rule for qualified student loan bonds.--For purposes of subparagraph (A), in the case of any qualified student loan bond, the term `ultimate borrower' shall not include any student borrower.''. (3) Conforming amendment.--Section 146(g) of such Code is amended by striking ``Paragraphs (4) and (5)'' in the last sentence and inserting ``Paragraphs (5) and (6)''. (b) Exemption From Alternative Minimum Tax.--Section 57(a)(5)(C) of such Code is amended by redesignating clauses (iv), (v), and (vi) as clauses (v), (vi), and (vii), respectively, and by inserting after clause (iii) the