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United States · Bill · HR

H.R. 53 (105th)

Higher Education Accumulation Program Act of 1997

referredUnited States· United States Congress· EN

Introduced

7 January 1997

Last action

7 January 1997 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Eshoo, Anna G. [D-CA-18], Rep. Rothman, Steven R. [D-NJ-9], Rep. Farr, Sam [D-CA-20], Del. Underwood, Robert A. [D-GU-At Large], Rep. Hastings, Alcee L. [D-FL-20], Rep. Kennedy, Patrick J. [D-RI-1], Rep. Frost, Martin [D-TX-24], Del. Norton, Eleanor Holmes [D-DC-At Large], Sen. Menendez, Robert [D-NJ], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Green, Gene [D-TX-29], Rep. Martinez, Matthew G. [D-CA-31], Rep. Dellums, Ronald V. [D-CA-9], Rep. Brown, George E., Jr. [D-CA-42], Rep. Gejdenson, Sam [D-CT-2], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Evans, Lane [D-IL-17], Rep. Cummings, Elijah E. [D-MD-7], Rep. Klug, Scott L. [R-WI-2], Rep. Lewis, John [D-GA-5], Rep. Woolsey, Lynn C. [D-CA-6]

Subjects

Taxation, Education

Source updated

21 August 2025

Taxation · Education

Summary

Higher Education Accumulation Program Act of 1997 - Amends the Internal Revenue Code to allow a deduction for amounts paid to a Higher Education Accumulation Program account established to accumulate funds to pay the educational expenses of a child of the taxpayer. Declares such accounts exempt from tax. Allows the deduction in arriving at adjusted gross income. Imposes an excise tax on excess contributions and prohibited transactions. Imposes a penalty for failure to meet reporting requirements.

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

Timeline

  1. 7 January 1997

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 7 January 1997

    Introduced

    Sponsor introductory remarks on measure. (CR E10)

    Source: IntroReferral

  3. 7 January 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 7 January 1997

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 7 January 1997

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 7 January 1997

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 7 January 1997

    Open at official source

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Sponsors

Related records

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Sources

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