H.R. 4091 (100th): A bill to provide for the issuance of educational savings bonds a portion of the interest on which is exempt from taxation, and for other purposes.

Introduced:
Mar 03, 1988 (100th Congress, 1987–1988)
Status:
Died (Referred to Committee) in a previous session of Congress

This bill was introduced on March 3, 1988, in a previous session of Congress, but was not enacted.

Introduced
Mar 03, 1988
 
Sponsor
Bill Schuette
Representative for Michigan's 10th congressional district
Party
Republican
Related Bills
H.R. 4333 (Related)
Technical and Miscellaneous Revenue Act of 1988

Signed by the President
Nov 10, 1988

 
Summary

No summaries available.

 
Cosponsors
15 cosponsors (13R, 2D) (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

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Library of Congress Summary

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


3/3/1988--Introduced.
Amends Federal law to authorize the Secretary of the Treasury, with the approval of the President, to issue educational savings bonds, a form of non-transferable savings bond that:
(1) pays interest only if redeemed after 12 months of issuance; and
(2) ceases to bear interest at the end of the 20th year after issuance.
Amends the Internal Revenue Code to exclude from the gross income of an individual any interest on educational savings bonds redeemed within 300 months of issuance to the extent:
(1) the aggregate face amount of the bonds is $2,000 or less; and
(2) the interest is used to pay the higher education expenses (tuition, fees, books, supplies, meals, and lodging) of a dependent at either an institution of higher education or a vocational school.

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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