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Chronicle of Higher Education2
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Healy, Patricia1
Healy, Patrick1
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Michigan2
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Victory of Prepaid Tuition: Court Says Michigan Plan Is Not Subject to Taxes.
Healy, Patricia – Chronicle of Higher Education, 1994
An appellate court found that Michigan's popular prepaid college tuition program is not subject to federal income taxes, reversing an earlier decision. The program, considered a model for other states, was suspended in 1991 due to fund depletion from tax payments. The Internal Revenue Service is considering an appeal. (MSE)
Descriptors: Court Litigation, Federal Regulation, Higher Education, Income
IRS Abandons Attempt to Tax Michigan's Prepaid-Tuition Plan.
Healy, Patrick – Chronicle of Higher Education, 1995
The Internal Revenue Service (IRS) will not ask the Supreme Court to review a lower court's decision to exempt the Michigan Education Trust from federal income taxes. The state college tuition prepayment plan was discontinued in 1991 due to legal challenges but promised to honor its commitments to 55,000 participants. The program may now be…
Descriptors: Court Litigation, Federal Government, Federal Regulation, Higher Education