H.R. 3064 (100th): A bill to amend the Internal Revenue Code of 1986 to exclude from gross income the interest on certain savings bonds used to pay college tuition expenses.

Introduced:
Jul 30, 1987 (100th Congress, 1987–1988)
Status:
Died (Referred to Committee)
Sponsor
Paul Henry
Representative for Michigan's 5th congressional district
Party
Republican
Related Bills
H.R. 4333 (Related)
Technical and Miscellaneous Revenue Act of 1988

Signed by the President
Nov 10, 1988

 
Status

This bill was introduced on July 30, 1987, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 30, 1987
Referred to Committee Jul 30, 1987
 
Summary

No summaries available.

Cosponsors
17 cosponsors (13R, 4D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


7/30/1987--Introduced.
Amends the Internal Revenue Code to exclude from the gross income of an individual any interest received or accrued on U.S. college bonds to the extent such amount is used to pay the qualified tuition expenses (tuition, fees, books, supplies, and equipment) in connection with the post-secondary education of the taxpayer, spouse, or dependents at a qualified educational organization.
Directs the Secretary of the Treasury to issue U.S. college bonds, a form of savings bond, having maturities varying at one-year intervals and bearing the statement that otherwise taxable amounts deriving from redemption of the bonds may be excluded from gross income when used to pay qualifying tuition expenses.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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