US SB1120 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 21 2009 - 25% progression, died in chamber
Action: 2009-05-21 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 21 2009 - 25% progression, died in chamber
Action: 2009-05-21 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to provide a uniform definition of higher education expenses for purposes of provisions allowing for: (1) penalty-free distributions from individual retirement accounts (IRAs) for education expenses; (2) tax exclusions for the value of college scholarships and for income from U.S. savings bonds used to pay education expenses; (3) the tax deduction for qualified tuition and related expenses; and (4) qualified tuition programs.
Title
A bill to amend the Internal Revenue Code of 1986 to conform the definitions of qualifying expenses for purposes of education tax benefits.
Sponsors
Sen. Blanche Lincoln [D-AR] |
History
Date | Chamber | Action |
---|---|---|
2009-05-21 | Read twice and referred to the Committee on Finance. |
Subjects
Employee benefits and pensions
Income tax deductions
Income tax exclusion
Interest, dividends, interest rates
Securities
Student aid and college costs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1120/all-info |
Text | https://www.congress.gov/111/bills/s1120/BILLS-111s1120is.pdf |