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HR 5473 109th Congress House

Student Savings Act of 2006

Official title: To repeal the increase in tax on unearned income of minor children enacted by the Tax Increase Prevention and Reconciliation Act of 2005.

Introduced: June 13, 2006 See on congress.gov
Taxation AccountingAgeFamiliesFinance and Financial Sector
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Income taxMinimum taxParent and childTax rates
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2006
Referred to the House Committee on Ways and Means.
May 24, 2006
Introduced in House
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 Latest action May 24, 2006

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Student Savings Act of 2006 - Repeals the provision of the Tax Increase Prevention and Reconciliation Act of 2005 which subjects the passive income of minor children under the age of 18 (formerly, under the age of 14) to the marginal income tax rates of their parents. Imposes a surtax on individual adjusted gross income over $1 million to compensate for revenue losses resulting from such repeal.

 Related & companion bills 1
  • HR 5463 Related bill To amend the Internal Revenue Code of 1986 to repeal the increase in the age of minor children whose unearned income is…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
GONZALEZ, CHARLES
· Jun 26, 2006
 D
Cleaver, Emanuel
Missouri · Jun 13, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5473: Student Savings Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-5473/
MLA
"H.R. 5473: Student Savings Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-5473/.
Bluebook (legal)
H.R. 5473, 109th Cong. (2026), https://openamerica.io/bill/109-HR-5473/.
Markdown link
[H.R. 5473: Student Savings Act of 2006](https://openamerica.io/bill/109-HR-5473/)
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