To amend the Internal Revenue Code of 1986 to allow a deduction for the payment of tuition for higher education and interest on student loans.
Higher Education Tax Relief Act of 1996 - Amends the Internal Revenue Code to allow a tax deduction for the sum of qualified higher education expenses and interest on qualified higher education loans. Provides limitations on both amounts. Allows such deduction in computing adjusted gross income.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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