United States · Bill · S
S. 666 (94th)
A bill to provide an income tax credit for savings for the payment of post-secondary educational expenses.
Introduced
12 February 1975
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Provides for a credit under the Internal Revenue Code for 20 percent of the amounts deposited by the taxpayer in an educational savings plan for himself or a dependent. Sets limitations on the amount of such credit, depent upon the nature of the account. Defines "educational savings plan" and other terms used in this Act. Provides for the recapture of any such credit allocable to nonqualified noneducational uses or for failure to use the account.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 12 February 1975
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/666
- Open data entity: https://api.congress.gov/v3/bill/94/s/666