HR 1369
105th Congress
House
Taxation
College costs
Education
Educational finance
Families
Finance and Financial Sector
Government Operations and Politics
Higher education
Income tax
Labor and Employment
Personal income tax
Savings accounts
Savings bonds
Tax exclusion
Vocational and technical education
To amend the Internal Revenue Code of 1986 to modify the tax treatment of qualified State tuition programs.
Introduced: April 17, 1997
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 17, 1997
Referred to the House Committee on Ways and Means.
Apr 17, 1997
Introduced in House
Plain-English summary
Amends the Internal Revenue Code, with respect to qualified State tuition programs to, among other things: (1) provide for the exclusion from gross income of distributions used for qualified higher education expenses; (2) include room and board in the definition of qualified higher education expenses; and (3) permit income from redeemed U.S. savings bonds to be used to contribute, without including such income in gross income (subject to income limitations), to a qualified State tuition program.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1