HR 3245
104th Congress
House
Taxation
College costs
Education
Higher education
Income tax
Tax deductions
Education Affordability Act of 1996
Introduced: April 15, 1996
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 1996
Referred to the House Committee on Ways and Means.
Apr 15, 1996
Introduced in House
Plain-English summary
Education Affordability Act of 1996 - Amends the Internal Revenue Code to allow an individual a deduction for the amount of qualified higher education expenses paid by the individual. Limits the amount allowed to $5,000 ($2,500 in case of a married individual filing separately). Provides for a limitation based on modified adjusted gross income and other limitations.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1