HR 4302 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to modify the treatment of certain higher education loans from qualified employer plans.

Introduced 1992-02-25· Sponsored by Rep. Guarini, Frank J. [D-NJ-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1992-02-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow higher education loans from qualified employer plans to be repaid within 15 (instead of five) years. Describes a reasonable interest rate for such loans which will exempt them from the tax on prohibited transactions. Exempts such loans from the tax treatment applicable to loans with below-market interest rates.…

Summarized by Claude AI · Non-partisan · For informational purposes only