Educational Expenses Tax Deferral Act

Summary

Educational Expenses Tax Deferral Act - Amends the Internal Revenue Code to allow a deferral of an individual's income tax liability to the extent it equals a limited portion of the higher educational expenses incurred for the taxpayer, his spouse and dependents. Defers payment until the year following the end of the individual's attendance at an institution of higher education, or the tenth year following the taxpayer's initial deferral, which ever is earlier. Directs the Secretaries of the Treasury and Health, Education, and Welfare to each make two biannual reports to Congress on the effects of this Act.

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Timeline

1. 17 January 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 17 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 17 January 1977

  Open at official source

Sponsors

• Rep. Mikva, Abner J. [D-IL-10] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← Educational Expenses Tax Deferral Act
• related to ← Educational Expenses Tax Deferral Act
• related to ← Educational Expenses Tax Deferral Act
• related to ← Educational Expenses Tax Deferral Act
• related to ← Educational Expenses Tax Deferral Act
• related to ← Educational Expenses Tax Deferral Act