HR 1632
105th Congress
House
Taxation
College costs
College students
Cost of living adjustments
Economics and Public Finance
Education
Educational finance
Finance and Financial Sector
Fringe benefits
Government Operations and Politics
Government paperwork
Graduate education
Graduate students
Health
Higher education
Income
Income tax
Indexing (Economic policy)
Interest
Labor and Employment
To amend the Internal Revenue Code of 1986 to permanently extend the exclusion for employer-provided educational assistance programs, to restore such exclusion for graduate level courses, and to allow a deduction for interest on education loans.
Introduced: May 15, 1997
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 1997
See H.R.2014.
May 15, 1997
Referred to the House Committee on Ways and Means.
May 15, 1997
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to with respect to the income exclusion for employer-provided educational assistance programs to: (1) make such exclusion permanent; and (2) include graduate school assistance. Provides an income-based deduction for interest on qualified education loans incurred on behalf of a taxpayer or spouse (excludes dependents). Sets forth reporting requirements for persons in the business of receiving interest from such loans.
What's happening now
See H.R.2014.
Committees of jurisdiction
1