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HR 3897 103th Congress House Taxation College costs Education Educational finance Excise tax Finance and Financial Sector Government Operations and Politics Government paperwork Higher education Income tax Labor and Employment Savings accounts Tax deductions Tax exclusion Tax penalties Trusts and trustees Vocational and technical education

Higher Education Accumulation Program Act of 1994

Introduced: February 24, 1994 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 1994
Sponsor introductory remarks on measure. (CR E299)
Feb 24, 1994
Referred to the House Committee on Ways and Means.
Feb 24, 1994
Introduced in House
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 Plain-English summary Congressional Research Service

Higher Education Accumulation Program Act of 1994 - Amends the Internal Revenue Code to allow a deduction for amounts paid to a Higher Education Accumulation Program (HEAP) account established to accumulate funds to pay the educational expenses of a child of the taxpayer.

Declares such accounts exempt from tax. Allows the deduction in arriving at adjusted gross income. Imposes an excise tax on excess contributions and prohibited transactions. Imposes a penalty for failure to meet reporting requirements.

What's happening now March 2, 1994

Sponsor introductory remarks on measure. (CR E299)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · May 19, 1994
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3897: Higher Education Accumulation Program Act of 1994. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-3897/
MLA
"H.R. 3897: Higher Education Accumulation Program Act of 1994." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-3897/.
Bluebook (legal)
H.R. 3897, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-3897/.
Markdown link
[H.R. 3897: Higher Education Accumulation Program Act of 1994](https://openamerica.io/bill/103-HR-3897/)
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