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- S.1273
S.1273: Higher Education Investment Act of 1995
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Sept. 26, 1995
- Latest Major Action Sept. 26, 1995
Bill Sponsor
Bill Cosponsor
Bill Summary
Higher Education Investment Act of 1995 - Amends the Internal Revenue Code to allow an individual a credit of 20 percent of the interest paid on any qualified education loan. Limits the maximum credit allowable to $500 for an individual and $1,000 for two or more individuals. Imposes a limit on the amount of credit based on modified adjusted gross income of the taxpayer over $40,000 ($60,000 for a joint return). Limits the period the credit is...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| Sept. 26, 1995 |
Introduced in the Senate by Charles E. Grassley (R-Iowa) |