Federal Legislation
April 9, 2002

H.R. 1308—Education Savings and School Excellence Act of 2001

Action Requested:
None. Became Public Law No: 107-16 as part of H.R. 1836 on June 7, 2001.

Official purpose: To amend the Internal Revenue Code of 1986 to allow tax-free expenditures from education individual retirement accounts for elementary and secondary school expenses, to increase the maximum annual amount of contributions to such accounts, and for other purposes.

Introduced March 29, 2001 by Rep. Kenny Hulshof (R- MO 9th)

3/29/2001: Referred to the House Committee on Ways and Means.
8/10/2001: See H.R.1836.
6/7/2001: H.R. 1836 became Public Law No: 107-16.
(H.R. 1836, the Economic Growth and Tax Relief Reconciliation Act, included provisions from H.R. 3, the Economic Growth and Tax Relief Act; from H.R. 6, the Marriage Penalty and Family Tax Relief Act; from H.R. 8, the Death Tax Elimination Act; from H.R. 10 as passed in the House, the Comprehensive Retirement Security and Pension Reform Act; and from H.R. 622, the Adoption Tax Credits bill. The Senate included provisions of S. 896 in H.R. 1836 as a substitute amendment. Differences were reconciled in the H.R. 1836 conference committee.)
Bill Summary and Status

HSLDA's Position:
Language in H.R. 1308 included a special rule for home schooling (see section 2(4)(B) of H.R. 1308) that HSLDA supported. However, H.R. 1308 was included in the entire Economic Growth and Tax Relief Reconciliation Act of 2001 and the language was modified. The final bill, which was signed into law in June of 2001, did not include a special rule for home schools, but allows Education Savings Accounts for home schools in those states which consider home schools private schools.

 Other Resources

Congress Passes Family Tax Relief Act

H.R. 1308 (pdf)

H.R. 1836 (pdf)