Abstract -- Introduction -- Revised Tax Rates -- Personal Exemptions -- Standard Deducation -- Trusts for Children -- Scholarships and Fellowships -- Tuition Reduction -- Retirement Annuities -- Employer Educational Assistance -- Cafeteria Plans -- Faculty Housing -- Targeted Jobs Credit -- State and Local Tax Expenses -- Interest Expense -- Professional Expenses -- Charitable Contributions -- Research and Development Credit -- Tax-Exempt Bonds.
The Tax Reform Act of 1986, P.L. 99-514, contains a number of provisions pertaining to education. Some of these provisions refer explicitly to schools, teachers, students, and so on, while several others without such direct references also are significant. This report provides a short summary of both kinds of provisions and an explanation, where necessary, of why they are relevant.
Robert Lyke, Specialist in Education, Education and Public Welfare Division
CRS 87-67 EPW
"January 28, 1987"
SuDoc # LC 14. 18/3
