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S 1133 105th Congress Senate Taxation Building construction Business income tax College costs Commerce Corporations Disabled Economics and Public Finance Education Education of disabled students Education savings accounts Educational finance Elementary and secondary education Elementary education Federal aid to medical education Finance and Financial Sector Foreign tax credit Fringe benefits Government securities Graduate education

Parent and Student Savings Account PLUS Act

Introduced: July 31, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 1998
Sponsor introductory remarks on measure. (CR S2395-2396, S2399, S2401-2402)
Mar 19, 1998
Sponsor introductory remarks on measure. (CR S2237-2239)
Feb 19, 1998
Placed on Senate Legislative Calendar under General Orders. Calendar No. 311.
Feb 19, 1998
Committee on Finance. Reported to Senate by Senator Roth under the authority of the order of Feb 12, 98 with an amendment in the nature of a substitute and an amendment to the title. With written report No. 105-164. Minority views filed.
Feb 10, 1998
Committee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jul 31, 1997
Read twice and referred to the Committee on Finance.
Jul 31, 1997
Introduced in Senate
 Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

AmendmentSponsorPurposeStatusLatest action
SAMDT 2,016 — — Pending —
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 Plain-English summary Congressional Research Service

TABLE OF CONTENTS:

Title I: Tax Incentives for Education

Title II: Revenue

Parent and Student Savings Account PLUS Act - Title I: Tax Incentives for Education - Amends the Internal Revenue Code, with respect to education individual retirement accounts (IRAs) to temporarily: (1) permit expenditures for qualified elementary and secondary education expenses, including home schooling expenses; and (2) increase the annual contribution limit from $500 to $2,000. Waives the age limitation for special needs beneficiaries. Permits corporations to contribute to education IRAs.

(Sec. 102) Excludes from gross income distributions from qualified State tuition programs, if used for qualified higher education expenses. Expands the definition of such expenses.

(Sec. 103) Extends, through December 31, 2002, the exclusion from gross income of employer-provided educational assistance. Expands the definition of such assistance to include graduate education.

(Sec. 104) Increases the arbitrage rebate exception for State and local bonds used to finance public schools.

(Sec. 105) Excepts National Health Service Corps Scholarship Program amounts received for teaching, research, or other services required to receive such scholarship from the requirement to include scholarship amounts received for such services in income.

Title II: Revenue - Provides, with respect to certain deferred compensation determinations, that an amount shall not be treated as paid until it is actually received by the employee.

(Sec. 202) Reduces the excess foreign tax credit carryback period. Extends such credit's carryforward period.

What's happening now March 23, 1998

Sponsor introductory remarks on measure. (CR S2395-2396, S2399, S2401-2402)

 Related & companion bills 1
  • HR 2373 Identical bill Parents and Students Savings Account Plus Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
McConnell, Mitch
Kentucky · Jul 31, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1133: Parent and Student Savings Account PLUS Act. 105th Congress. Open America. https://openamerica.io/bill/105-S-1133/
MLA
"S. 1133: Parent and Student Savings Account PLUS Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-1133/.
Bluebook (legal)
S. 1133, 105th Cong. (2026), https://openamerica.io/bill/105-S-1133/.
Markdown link
[S. 1133: Parent and Student Savings Account PLUS Act](https://openamerica.io/bill/105-S-1133/)
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