HR 2588
110th Congress
House
Taxation
College costs
Economics and Public Finance
Education
Education savings accounts
Higher education
Income tax
Indexing (Economic policy)
Tax exemption
Comprehensive Coverdell Modernization Act of 2007
Introduced: June 6, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2007
Referred to the House Committee on Ways and Means.
Jun 6, 2007
Introduced in House
Plain-English summary
Comprehensive Coverdell Modernization Act of 2007 - Amends the Internal Revenue Code to: (1) increase from $2,000 to $4,000 the annual contribution limit to Coverdell education savings accounts; and (2) adjust such contribution limit for inflation after 2008.
Makes permanent provisions enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001 relating to Coverdell education savings accounts and qualified tuition programs.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1