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- H.R.959
H.R.959: To amend the Internal Revenue Code of 1986 to restore the prior law exclusion for scholarships and fellowships and to restore the deduction for interest on educational loans.
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about education
- Introduced Feb. 17, 1993
- Latest Major Action Feb. 17, 1993
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
97 (80 Democrats, 1 Independent Democrat, 16 Republicans)
Bill Summary
Repeals provisions of the Tax Reform Act of 1986 that restrict the types of scholarships and fellowship grants that may be excluded from gross income for income tax purposes. Amends the Internal Revenue Code to allow an income tax deduction for interest on a qualified educational loan incurred to pay the educational expenses of the taxpayer, spouse, or dependent.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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Feb. 17, 1993 |
Introduced in the House by David E. Price (D-N.C.) |