A bill to amend the Internal Revenue Code of 1986 to exclude from gross income any distribution from a qualified State tuition program used exclusively to pay qualified higher education expenses incurred by the designated beneficiary, and for other purposes.
Tuition Tax Elimination Act - Amends the Internal Revenue Code to: (1) include in gross income any distribution from a qualified State tuition program not used to exclusively to pay qualified higher education expenses of the designated beneficiary; and (2) not provide earned income credit inflation adjustments to individuals with no qualifying children.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S1106-1107)
Read twice and referred to the Committee on Finance.
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