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S 474 106th Congress Senate

Save for College Act of 1999

Official title: A bill to amend the Internal Revenue Code of 1986 to provide a deduction for contributions to education individual retirement accounts, and for other purposes.

Introduced: February 25, 1999 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation College costsCost of living adjustmentsEconomics and Public FinanceEducation
More subjectsShow fewer subjects
Education savings accountsHigher educationIncome taxIndexing (Economic policy)Personal income taxTax deductions
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 1999
Read twice and referred to the Committee on Finance.
Feb 25, 1999
Sponsor introductory remarks on measure. (CR S2022)
Feb 25, 1999
Introduced in Senate
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 Latest action February 25, 1999

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Save for College Act of 1999 - Amends the Internal Revenue Code with respect to educational individual retirement accounts to: (1) allow a deduction for contributions; (2) increase contribution amounts and income factors; and (3) provide for inflation adjustments.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 474: Save for College Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-S-474/
MLA
"S. 474: Save for College Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-474/.
Bluebook (legal)
S. 474, 106th Cong. (2026), https://openamerica.io/bill/106-S-474/.
Markdown link
[S. 474: Save for College Act of 1999](https://openamerica.io/bill/106-S-474/)
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