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HR 3827 102th Congress House Taxation College costs Education Educational finance Excise tax Income tax Savings accounts Tax deductions Tax exclusion Tax penalties Trusts and trustees Vocational and technical education

To amend the Internal Revenue Code of 1986 to provide for the establishment of, and the deduction of contributions to, education savings accounts to assist families in saving for their childrens'…

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To amend the Internal Revenue Code of 1986 to provide for the establishment of, and the deduction of contributions to, education savings accounts to assist families in saving for their childrens' education.

Introduced: November 20, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 20, 1991
Referred to the House Committee on Ways and Means.
Nov 20, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow an individual income tax deduction for up to $2,000 annually of contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of any individual under age 19 at an institution of higher education or a vocational school. Disallows the deduction for contributions to an account maintained for any individual aged 19 or older. Requires any account balance to be distributed after the beneficiary attains age 27.

Excludes from gross income any account distributions that are used to pay educational expenses of the eligible beneficiary.

Exempts an account from taxation (except for the tax on unrelated business income of a charitable organization) unless a contributor or the beneficiary engages in specified prohibited transactions in connection with it.

Imposes a ten percent surtax on distributions not used for educational purposes.

Requires the account trustee to report to the Secretary of the Treasury and to the account's beneficiary concerning the account. Imposes a penalty for failure to report.

Allows taxpayers who do not otherwise itemize deductions to deduct for contributions to an education savings account.

Imposes penalty taxes in connection with excess contributions or prohibited transactions associated with an account.

What's happening now November 20, 1991

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Norton, Eleanor Holmes
District of Columbia · Apr 1, 1992
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APA
U.S. Congress. (2026). H.R. 3827: To amend the Internal Revenue Code of 1986 to provide for the establishment of, and the deduction of contributions to, education savings accounts to assist families in saving for their childrens' education.. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-3827/
MLA
"H.R. 3827: To amend the Internal Revenue Code of 1986 to provide for the establishment of, and the deduction of contributions to, education savings accounts to assist families in saving for their childrens' education.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-3827/.
Bluebook (legal)
H.R. 3827, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-3827/.
Markdown link
[H.R. 3827: To amend the Internal Revenue Code of 1986 to provide for the establishment of, and the deduction of contributions to, education savings accounts to assist families in saving for their childrens' education.](https://openamerica.io/bill/102-HR-3827/)
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