S 335
107th Congress
Senate
Taxation
College costs
Colleges
Education
Education savings accounts
Families
Finance and Financial Sector
Financial statements
Government Operations and Politics
Government paperwork
Higher education
Housing and Community Development
Income tax
Law
Personal income tax
Securities regulation
Student housing
Tax exclusion
Trusts and trustees
Tuition tax credits
Setting Aside for a Valuable Education (SAVE) Act
Introduced: February 14, 2001
Introduced by:
McConnell, Mitch
Republican
· Kentucky
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1418-1419)
Feb 14, 2001
Sponsor introductory remarks on measure. (CR S1417-1418)
Feb 14, 2001
Introduced in Senate
Plain-English summary
Setting Aside for a Valuable Education (SAVE) Act - Amends the Internal Revenue Code to: (1) permit private higher educational institutions, in addition to currently permitted State institutions, to establish qualified tuition programs; (2) exclude from gross income program distributions used for qualified higher education expenses; (3) permit an annual rollover to a different tuition program on behalf of the same beneficiary; (4) include first cousins as a qualifying family member; and (5) revise the room and board limitation.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1418-1419)
Committees of jurisdiction
1