HR 2847
105th Congress
House
Taxation
College costs
Colleges
Education
Education savings accounts
Educational finance
Excise tax
Families
Finance and Financial Sector
Higher education
Income tax
Individual retirement accounts
Labor and Employment
Law
Personal income tax
Tax exclusion
Tax exemption
Tax penalties
Tax-deferred compensation plans
Trusts and trustees
Higher Education Affordability and Availability Act
Introduced: November 6, 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
Nov 6, 1997
Referred to the House Committee on Ways and Means.
Nov 6, 1997
Introduced in House
Plain-English summary
Higher Education Affordability and Availability Act - Amends the Internal Revenue Code (as revised by the Taxpayer Relief Act of 1997) to exclude from income distributions from qualified tuition programs used for qualifying higher education expenses.
Includes within the definition of "qualified State tuition program" programs maintained by eligible educational institutions. Requires such non-State programs to limit annual contributions on behalf of a designated beneficiary to $5,000.
Sets forth related excess contribution provisions.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1