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S 594 105th Congress Senate Taxation College costs Education Educational finance Families Finance and Financial Sector Government Operations and Politics Higher education Income tax Labor and Employment Personal income tax Savings accounts Savings bonds Tax exclusion Vocational and technical education

A bill to amend the Internal Revenue Code of 1986 to modify the tax treatment of qualified State tuition programs.

Introduced: April 16, 1997 Introduced by: McConnell, Mitch Republican · Kentucky See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 1997
Read twice and referred to the Committee on Finance.
Apr 16, 1997
Sponsor introductory remarks on measure. (CR S3282-3283, S3284-3286)
Apr 16, 1997
Introduced in Senate
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code, with respect to qualified State tuition programs to, among other things: (1) provide for the exclusion from gross income of distributions used for qualified higher education expenses; (2) include room and board in the definition of qualified higher education expenses; and (3) permit income from redeemed U.S. savings bonds to be used to contribute, without including such income in gross income (subject to income limitations), to a qualified State tuition program.

What's happening now April 16, 1997

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1