SC Department of Revenue
non-profit update #12- 12/15/1997


December 15, 1997

Nonprofit Update #12 (Colleges and Universities)

The IRS very recently issued Notice 97-60 dealing with Higher Education Tax Incentives. The Notice provides in question and answer format information regarding the Hope Scholarship and Lifetime Learning Credits, the deduction for student loan interest, Education Individual Retirement Accounts, and other higher education tax incentives recently enacted by the Taxpayer Relief Act of 1997.

The 21 page notice can be downloaded from the IRSís website at If you experience trouble downloading it, my Assistant Jane Baker (803) 898-5445 has several copies available.

Let me know if you would like an article on these tax incentives for your University's newsletter or magazine.

Burnet R. Maybank, III,


The S.C. Department of Revenue strives to make our website broadly accessible and is continuously working on improvements.
If you have problems accessing this website or suggestions on how to improve the accessibility of this site, please contact

Disclaimer and Copyright Information
Privacy Statement

Home / Contact DOR