HR 1810
105th Congress
House
Taxation
College costs
College students
Education
Educational finance
Excise tax
Finance and Financial Sector
Fringe benefits
Government Operations and Politics
Government paperwork
Higher education
Income tax
Labor and Employment
Law
Personal income tax
Savings accounts
Tax exclusion
Tax exemption
Tax penalties
Trusts and trustees
Higher Education and Learning Promotion Act
Introduced: June 5, 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
Jun 5, 1997
Referred to the House Committee on Ways and Means.
Jun 5, 1997
Sponsor introductory remarks on measure. (CR H3551)
Jun 5, 1997
Introduced in House
Plain-English summary
Higher Education and Learning Promotion Act - Amends the Internal Revenue Code to establish nontaxable education investment accounts which shall permit annual contributions of not more than $1,500 for the account holder's qualified higher education costs. Subjects account distributions used for nonqualifying purposes to taxation, including an additional ten percent tax. Sets forth related reporting requirements.
Makes the employer-provided educational assistance program exclusion permanent.
Excludes from gross income distributions from a qualified state tuition program used for qualified higher education expenses (including room and board).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1