S 2972
108th Congress
Senate
Taxation
College costs
Education
Education savings accounts
Higher education
Income tax
Tax deductions
Tax exemption
Tax penalties
Tax returns
College Savings Act of 2004
Introduced: October 9, 2004
Introduced by:
Cantwell, Maria
Democratic
· Washington
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 9, 2004
Read twice and referred to the Committee on Finance.
Oct 9, 2004
Sponsor introductory remarks on measure. (CR S10987-10988)
Oct 9, 2004
Introduced in Senate
Plain-English summary
The College Savings Act of 2004 - Amends the Internal Revenue Code to: (1) increase the maximum annual contribution limit for Coverdell education savings accounts from $2,000 to $5,000; and (2) allow a tax deduction up to $5,000 for contributions to an education savings account.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1