IRS Abandons Attempt to Tax Michigan's Prepaid-Tuition Plan.

Healy, Patrick

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ERIC Number: EJ506891

Record Type: Journal

Publication Date: 1995

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0009-5982

EISSN: N/A

IRS Abandons Attempt to Tax Michigan's Prepaid-Tuition Plan.

Healy, Patrick

Chronicle of Higher Education, v41 n36 pA33 May 19 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 reopened. (MSE)

Descriptors: Court Litigation, Federal Government, Federal Regulation, Higher Education, Legal Problems, Paying for College, Program Termination, State Programs, Taxes, Tuition

Publication Type: Reports - Descriptive; Journal Articles

Education Level: N/A

Audience: N/A

Language: English

Sponsor: N/A

Authoring Institution: N/A

Identifiers - Location: Michigan

Grant or Contract Numbers: N/A