Ill STAT. 788 PUBLIC LAW 105-34—AUG. 5, 1997
- Public Law 105-34
105th Congress An Act Aug. 5, 1997 To provide for reconciliation pursuant to subsections (b)(2) and (d) of section 105 [H.R. 2014] of the concurrent resolution on the budget for fiscal year 1998. Be it enacted by the Senate and House of Representatives of Taxpayer Relief the United States of America in Congress assembled. Art nf 1QQ7 ACT 011»» SECTION 1. SHORT TITLE; ETC. 26 USC 1 note. (a) SHORT TITLE.— This Act may be cited as the "Taxpayer ReliefAct of 1997". (b) AMENDMENT OF 1986 CODE. — Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. 26 USC 15 note. (c) SECTION 15 NOT To APPLY. —No amendment made by this Act shall be treated as a change in a rate of tax for purposes of section 15 of the Internal Revenue Code of 1986. 26 USC 6654 (d) WAIVER OF ESTIMATED TAX PENALTIES. — No addition tO note. tax shall be made under section 6654 or 6655 of the Internal Revenue Code of 1986 for any period before January 1, 1998, for any payment the due date of which is before January 16, 1998, with respect to any underpayment attributable to such period to the extent such underpayment was created or increased by any provision of this Act. (e) TABLE OF CONTENTS.— The table of contents for this Act is as follows: Sec. 1. Short title; etc. TITLE I—CHILD TAX CREDIT Sec. 101. Child tax credit. TITLE II—EDUCATION INCENTIVES Subtitle A—Tax Benefits Relating to Education Expenses Sec. 201. Hope and lifetime learning credits. Sec. 202. Deduction for interest on education loans. Sec. 203. Penalty-free withdrawals from individual retirement plans for higher education expenses. Subtitle B—Expanded Education Investment Savings Opportunities PART I—QUALIFIED TUITION PROGRAMS Sec. 211. Modifications of qualified State tuition programs. PART II—EDUCATION INDIVIDUAL RETIREMENT ACCOUNTS Sec. 213. Education individual retirement accounts. Subtitle C—Other Education Initiatives Sec. 221. Extension of exclusion for employer-provided educational assistance.
- Note: This law contains items that were cancelled by the President pursuant to the Line
Item Veto Act. For more information, see the Federal Register entry under "LEGISLATIVE HISTORY" at the end of this law.
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