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- H.R.53
H.R.53: Higher Education Accumulation Program Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Jan. 7, 1997
- Latest Major Action Jan. 7, 1997
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
20 (20 Democrats, 1 Republican)
Bill Summary
Higher Education Accumulation Program Act of 1997 - Amends the Internal Revenue Code to allow a deduction for amounts paid to a Higher Education Accumulation Program 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. Imposes...
(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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Jan. 7, 1997 |
Introduced in the House by Anna G. Eshoo (D-Calif.) |