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

Summary

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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 April 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 16 April 1997

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• Introduced in House

  summary · EN · 16 April 1997

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