To amend the Internal Revenue Code of 1986 to remove certain limitations on the exclusion of income from United States savings bonds when used to pay higher education tuition and fees.

Summary

Amends the Internal Revenue Code to repeal certain provisions concerning the income limitation with respect to the tax exclusion of U.S. savings bonds proceeds used to pay higher education tuition and fees. Repeals: (1) the income limitation where redemption proceeds exceed higher education expenses; (2) the requirement that expenses be incurred for the taxpayer, the taxpayer's spouse, or the taxpayer's dependent; and (3) the age limitation for the issuance of such bonds.

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

Timeline

1. 31 January 1990

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 31 January 1990

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 January 1990

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 31 January 1990

  Open at official source

Sponsors

• Rep. Henry, Paul B. [R-MI-5] · R · Sponsor
• · hswm00 · Standing

Related records

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