S 76
109th 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 2005
Introduced: January 24, 2005
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
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S251-253)
Committees of jurisdiction
1