legislation: 93-s-4176
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 93-s-4176 | 93 | s | 4176 | A bill to provide an income tax credit for savings for the payment of post-secondary educational expenses. | Taxation | 1974-11-20 | 1974-11-20 | Referred to Senate Committee on Finance. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 0 | Provides for a credit under the Internal Revenue Code for 20 percent of the amounts deposited by the taxpayer in an educational savings plan for himself or a dependent. Sets limitations on the amount of such credit, dependent upon the nature of the account. Defines "educational savings plan" and other terms used in this Act. Provides for the recapture of any such credit allocable to nonqualified noneducational uses or for failure to use the account. (Adds 26 U.S.C. 42) | 2024-08-01T18:43:22Z |