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S 76 109th Congress Senate

College Savings Act of 2005

Official title: A bill to amend the Internal Revenue Code of 1986 to permanently increase the maximum annual contribution allowed to be made to Coverdell education savings acc… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to permanently increase the maximum annual contribution allowed to be made to Coverdell education savings accounts, and to provide for a deduction for contributions to education savings accounts.

Introduced: January 24, 2005 Introduced by: Cantwell, Maria Democratic · Washington See on congress.gov
Taxation College costsEducationEducation savings accountsHigher education
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Income taxTax deductionsTax exemptionTax penaltiesTax returns
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 24, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S251-253)
Jan 24, 2005
Sponsor introductory remarks on measure. (CR S250-251)
Jan 24, 2005
Introduced in Senate
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 Latest action January 24, 2005

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S251-253)

 Plain-English summary Congressional Research Service

College Savings Act of 2005 - 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 76: College Savings Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-76/
MLA
"S. 76: College Savings Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-76/.
Bluebook (legal)
S. 76, 109th Cong. (2026), https://openamerica.io/bill/109-S-76/.
Markdown link
[S. 76: College Savings Act of 2005](https://openamerica.io/bill/109-S-76/)
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