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Description of Chairman's Mark of the "Affordable Education Act of 2001": Scheduled for Markup by the Senate Committee on Finance on March 13, 2001

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Description of Chairman's Mark of the "Affordable Education Act of 2001": Scheduled for Markup by the Senate Committee on Finance on March 13, 2001

by United States Congress Joint

About this title: OCLC Number: 56356329 Excerpt: ... II. PRIVATE PRE-PAID TUITION PROGRAMS; EXCLUSION FROM GROSS INCOME OF EDUCATION DISTRIBUTIONS FROM QUALIFIED TUITION PROGRAMS Present Law Section 529 of the Code provides tax-exempt status to " qualified State tuition programs, " meaning certain programs established and maintained by a State ( or agency or instrumentality thereof ) under which persons may ( 1 ) purchase tuition credits or certificates on behalf of a designated beneficiary that entitle the beneficiary to a waiver or payment ... read more

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