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HR 797 104th 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 deferral Tax exclusion Tax exemption Tax penalties Trusts and trustees Vocational and technical education

Higher Education Accumulation Program Act of 1995

Introduced: February 2, 1995 See on congress.gov
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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
Feb 2, 1995
Referred to the House Committee on Ways and Means.
Feb 2, 1995
Sponsor introductory remarks on measure. (CR E256-257)
Feb 2, 1995
Introduced in House
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 Plain-English summary Congressional Research Service

Higher Education Accumulation Program Act of 1995 - 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 February 2, 1995

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Lofgren, Zoe
California · Jun 18, 1996
 D
Schumer, Charles E.
New York · Feb 22, 1995
 D
Pelosi, Nancy
California · Feb 2, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 797: Higher Education Accumulation Program Act of 1995. 104th Congress. Open America. https://openamerica.io/bill/104-HR-797/
MLA
"H.R. 797: Higher Education Accumulation Program Act of 1995." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-797/.
Bluebook (legal)
H.R. 797, 104th Cong. (2026), https://openamerica.io/bill/104-HR-797/.
Markdown link
[H.R. 797: Higher Education Accumulation Program Act of 1995](https://openamerica.io/bill/104-HR-797/)
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