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- H.R.1597
H.R.1597: To amend the Internal Revenue Code of 1986 to provide for the establishment of, and the deduction of contributions to, education savings accounts.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced May 14, 1997
- Latest Major Action May 14, 1997
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
27 (3 Democrats, 25 Republicans)
Bill Summary
Amends the Internal Revenue Code to allow an individual income tax deduction for contributions to a savings account established to pay the educational expenses (tuition, supplies, meals, and lodging) of the taxpayer's child or certain other relatives at an institution of higher education or a vocational school. Limits the deduction to $2,000 annually (adjusted for inflation) for each account. Disallows the deduction for contributions to an...
(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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May 14, 1997 |
Introduced in the House by Paul E. Gillmor (R-Ohio) |