Skip to main content
S 2534 100th Congress Senate Taxation College costs Education Higher education Income tax Interest Savings bonds Securities and Investments Tax exclusion Vocational and technical education

College Savings Bond Act of 1988

Introduced: June 17, 1988 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 17, 1988
Read twice and referred to the Committee on Finance.
Jun 17, 1988
Introduced in Senate
 Plain-English summary Congressional Research Service

College Savings Bond Act of 1988 - Authorizes the Secretary of the Treasury to issue college savings bonds in the interest of encouraging long-term savings for postsecondary education.

Amends the Internal Revenue Code to exclude from the gross income of an individual any interest on college savings bonds to the extent these proceeds are used to pay the qualified educational expenses (tuition, fees, books, supplies, reasonable living expenses) of the taxpayer, spouse, child, or dependent at an institution of higher education, including a postsecondary vocational school. Decreases the permissible exclusion for taxpayers having adjusted gross income above $60,000, allowing no exclusion if income exceeds $80,000.

What's happening now June 17, 1988

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1