A bill to amend the Internal Revenue Code of 1954 to permit a taxpayer to defer a portion of his income tax based upon the amount of certain expenses paid or incurred by him in connection with the education or training at an institution of higher education or a vocational school of the taxpayer, his spouse, or any dependent.
Educational Expenses Tax Deferral Act - Amends the Internal Revenue Code to allow a deferral of an individual's income tax liability to the extent it equals a limited portion of the higher educational expenses incurred for the taxpayer, his spouse and dependents. Defers payment until the year following the end of the individual's attendance at an institution of higher education, or the tenth year following the taxpayer's initial deferral, which ever is earlier. Directs the Secretaries of the Treasury and Health, Education, and Welfare to each make two biannual reports to Congress on the effects of this Act.
Referred to House Committee on Ways and Means.
Referred to House Committee on Ways and Means.
Referred to House Committee on Ways and Means.
Referred to House Committee on Ways and Means.
Referred to House Committee on Ways and Means.
Referred to House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line