HR 590
110th Congress
House
Taxation
College costs
Cost of living adjustments
Economics and Public Finance
Education
Education savings accounts
Higher education
Income tax
Indexing (Economic policy)
Tax exemption
Student Financial Readiness Act of 2007
Introduced: January 19, 2007
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 19, 2007
Referred to the House Committee on Ways and Means.
Jan 19, 2007
Sponsor introductory remarks on measure. (CR E154)
Jan 19, 2007
Introduced in House
Plain-English summary
Student Financial Readiness Act of 2007 - Amends the Internal Revenue Code to: (1) increase from $2,000 to $5,000 the annual contribution limit to Coverdell education savings accounts; (2) adjust such contribution limit for inflation after 2007; and (3) prohibit contributions by individuals whose modified adjusted gross income exceeds $150,000 ($300,000 for married couples filing joint tax returns).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1