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United States · Bill · HR

H.R. 2404 (100th)

Higher Education Prepayment Tax Act of 1987

referredUnited States· United States Congress· EN

Introduced

13 May 1987

Last action

13 May 1987 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Flippo, Ronnie G. [D-AL-5], Rep. Williams, Pat [D-MT-At Large], Rep. Nichols, Bill [D-AL-3], Rep. Eckart, Dennis E. [D-OH-11], Rep. Gordon, Bart [D-TN-6], Rep. Bentley, Helen Delich [R-MD-2], Rep. Bevill, Tom [D-AL-4], Rep. Bonior, David E. [D-MI-10], Rep. Kaptur, Marcy [D-OH-9], Sen. Campbell, Ben Nighthorse [R-CO], Rep. Kolter, Joseph P. [D-PA-4], Rep. Badham, Robert E. [R-CA-40], Rep. Martinez, Matthew G. [D-CA-31], Rep. Roe, Robert A. [D-NJ-8], Rep. Miller, George [D-CA-11], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Wilson, Charles [D-TX-2], Rep. Schulze, Richard T. [R-PA-5], Rep. Chapman, Jim [D-TX-1], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Lancaster, H. Martin [D-NC-3], Rep. Solarz, Stephen J. [D-NY-13], Sen. DeWine, Mike [R-OH], Rep. Feighan, Edward F. [D-OH-19], Rep. Panetta, Leon [D-CA-16], Rep. Collins, Cardiss [D-IL-7], Rep. Garcia, Robert [D-NY-18], Rep. Stokes, Louis [D-OH-11], Rep. Towns, Edolphus [D-NY-10], Sen. Jeffords, James M. [I-VT], Rep. Atkins, Chester G. [D-MA-5], Rep. Duncan, John J. [R-TN-2], Rep. Byron, Beverly B. [D-MD-6], Rep. Frenzel, Bill [R-MN-3]

Subjects

Taxation, Education

Source updated

28 August 2025

Taxation · Education

Official sourceView documentsShare

Summary

Higher Education Prepayment Tax Act of 1987 - Amends the Internal Revenue Code to provide an income tax exclusion for the value of any benefits covering tuition and related expenses and reasonable living expenses while away from home when such benefits are provided in accordance with a qualified prepaid college education contract, except for payments by an employer under such a contract. Defines eligible contracts as those between a payor and either a State or one or more institutions of higher education under which: (1) educational benefits are provided to eligible beneficiaries enrolled in certain undergraduate or vocational courses in pursuit of a degree or certificate; and (2) all payments made by the payor must be deposited into a prepaid college education trust created by a State or by one or more qualified institutions of higher education for the exclusive purpose of funding benefits under such contracts.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 13 May 1987

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 13 May 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 May 1987

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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