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Searching...- Bills
- H.R.3897
H.R.3897: Higher Education Accumulation Program Act of 1994
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about taxation
- Introduced Feb. 24, 1994
- Latest Major Action March 2, 1994
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
17 (14 Democrats, 3 Republicans)
Bill Summary
Higher Education Accumulation Program Act of 1994 - Amends the Internal Revenue Code to allow a deduction for amounts paid to a Higher Education Accumulation Program (HEAP) 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....
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Referred to the House Committee on Ways and Means.
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Sponsor introductory remarks on measure.
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| Feb. 24, 1994 |
Introduced in the House by Anna G. Eshoo (D-Calif.) |