HR 82
105th Congress
House
Taxation
College costs
Cost of living adjustments
Economics and Public Finance
Education
Education savings accounts
Educational finance
Excise tax
Families
Finance and Financial Sector
Grandparents
Higher education
Income
Income tax
Indexing (Economic policy)
Interest
Labor and Employment
Law
Personal income tax
Student loan funds
Family Affordable College Tuition Act of 1997
Introduced: January 7, 1997
Introduced by:
Schumer, Charles E.
Democratic
· New York
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.
Jan 7, 1997
Referred to the House Committee on Ways and Means.
Jan 7, 1997
Introduced in House
Plain-English summary
Family Affordable College Tuition Act of 1997 - Amends the Internal Revenue Code to provide an income-adjusted deduction for qualified higher education expenses and qualified higher education loan interest paid during the tax year.
Provides an income-adjusted deduction of up to $4000 for payments made to a qualified (higher) education savings plan during the tax year. Excludes plan distributions used to pay qualified education costs from gross income and dependent support determinations.
What's happening now
See H.R.2014.
Committees of jurisdiction
1