September 25, 1998
House Committee Passes Tax Break for Private-College Prepaid Tuition
The House of Representatives Ways and Means Committee last week approved a new tax break for prepaid-tuition programs for private colleges. Tax benefits now available to state prepayment programs would be extended to private-college programs, allowing families to prepay tuition and to receive a discount on charges.
The tax break was part of an election-year bill to cut federal taxes by $80-billion over five
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