College Savings Bond Act of 1988

Summary

College Savings Bond Act of 1988 - Authorizes the Secretary of the Treasury to issue college savings bonds in the interest of encouraging long-term savings for postsecondary education. Amends the Internal Revenue Code to exclude from the gross income of an individual any interest on college savings bonds to the extent these proceeds are used to pay the qualified educational expenses (tuition, fees, books, supplies, reasonable living expenses) of the taxpayer, spouse, child, or dependent at an institution of higher education, including a postsecondary vocational school. Decreases the permissible exclusion for taxpayers having adjusted gross income above $60,000, allowing no exclusion if income exceeds $80,000.

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Timeline

1. 17 June 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 17 June 1988

   Introduced

   Introduced in Senate

   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 Senate

  summary · EN · 17 June 1988

  Open at official source

Sponsors

• Sen. Dole, Robert J. [R-KS] · R · Sponsor
• Sen. Quayle, Dan [R-IN] · R · Sponsor
• Sen. Boschwitz, Rudy [R-MN] · R · Sponsor
• Sen. Cochran, Thad [R-MS] · R · Sponsor
• Sen. Cohen, William S. [R-ME] · R · Sponsor
• Sen. Durenberger, Dave [R-MN] · R · Sponsor
• Sen. Evans, Daniel J. [R-WA] · R · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Hecht, Chic [R-NV] · R · Sponsor
• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Humphrey, Gordon J. [R-NH] · R · Sponsor
• Sen. Kasten, Robert W., Jr. [R-WI] · R · Sponsor
• Sen. Lugar, Richard G. [R-IN] · R · Sponsor
• Sen. McCain, John [R-AZ] · R · Sponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Sponsor
• Sen. Pressler, Larry [R-SD] · R · Sponsor
• Sen. Simpson, Alan K. [R-WY] · R · Sponsor
• Sen. Stafford, Robert T. [R-VT] · R · Sponsor
• Sen. Stevens, Ted [R-AK] · R · Sponsor
• Sen. Thurmond, Strom [R-SC] · R · Sponsor
• Sen. Warner, John [R-VA] · R · Sponsor
• Sen. Weicker, Lowell P., Jr. [R-CT] · R · Sponsor
• Sen. Wilson, Pete [R-CA] · R · Sponsor
• Sen. Wallop, Malcolm [R-WY] · R · Cosponsor
• · ssfi00 · Standing

Related records

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• related to → College Savings Bond Act of 1988