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United States · Bill · HR

H.R. 7286 (93rd)

Higher Education Gift Incentive Act

referredUnited States· United States Congress· EN

Introduced

30 April 1973

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

3 September 2025

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Summary

Higher Education Gift Incentive Act - Allows under the Internal Revenue Code an income tax credit equal to 50 percent of the amounts of charitable contributions made to any institution of higher learning. Limits such credit for a taxpayer to the lesser of 20 percent of the taxpayers total tax or $200 ($400 in the case of married couple filing jointly). Bars treatment of a contribution as a tax deduction and a tax credit and specifies that the credit is not to result in a tax refund.

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Documents

1 official file

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