Summary: H.R.1369 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.1369. Bill summaries are authored by CRS.

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Introduced in House (04/17/1997)

Amends the Internal Revenue Code, with respect to qualified State tuition programs to, among other things: (1) provide for the exclusion from gross income of distributions used for qualified higher education expenses; (2) include room and board in the definition of qualified higher education expenses; and (3) permit income from redeemed U.S. savings bonds to be used to contribute, without including such income in gross income (subject to income limitations), to a qualified State tuition program.