H.R.5203 - Education Savings and School Excellence Permanence Act of 2002107th Congress (2001-2002)
|Sponsor:||Rep. Hulshof, Kenny C. [R-MO-9] (Introduced 07/24/2002)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 09/04/2002 On motion to suspend the rules and pass the bill, as amended Failed by the Yeas and Nays: (2/3 required): 213 - 188 (Roll no. 371). (All Actions)|
|Roll Call Votes:||There has been 1 roll call vote|
This bill has the status Failed House
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Text: H.R.5203 — 107th Congress (2001-2002)All Information (Except Text)
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Introduced in House (07/24/2002)
[Congressional Bills 107th Congress] [From the U.S. Government Printing Office] [H.R. 5203 Introduced in House (IH)] 107th CONGRESS 2d Session H. R. 5203 To provide that the education savings incentives of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall be permanent, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 24, 2002 Mr. Hulshof introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To provide that the education savings incentives of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall be permanent, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Education Savings and School Excellence Permanence Act of 2002''. SEC. 2. EDUCATION SAVINGS INCENTIVES MADE PERMANENT. Section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 is amended by adding at the end the following new subsection: ``(c) Exception.--Subsections (a) and (b) shall not apply to the provisions of, and amendments made by, subtitle A of title IV.''. SEC. 3. TAX-FREE EXPENDITURES FROM EDUCATION SAVINGS ACCOUNTS FOR QUALIFIED ELEMENTARY AND SECONDARY EDUCATION EXPENSES AT HOME SCHOOLS. (a) In General.--Clause (i) of section 530(b)(4)(A) of the Internal Revenue Code of 1986 (defining qualified elementary and secondary education expenses) is amended by striking ``or religious'' and inserting ``religious, or home''. (b) Effective Date.--The amendment made by this section shall apply to taxable years beginning after December 31, 2002. <all>