Summary: H.R.747 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.747. Bill summaries are authored by CRS.

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Introduced in House (01/31/1989)

Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred to pay the educational expenses of the taxpayer, spouse, or dependent. (Under current law, such a loan must be secured by an interest in real property.)