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S 141 110th Congress Senate Taxation College costs Congress Education Education savings accounts Higher education Income tax Sunset legislation Tax deductions Tax exemption Tax penalties Tax returns

College Savings Act of 2007

Introduced: January 4, 2007 Introduced by: Cantwell, Maria Democratic · Washington See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 16, 2007
Sponsor introductory remarks on measure. (CR S572-573)
Jan 4, 2007
Read twice and referred to the Committee on Finance.
Jan 4, 2007
Introduced in Senate
 Plain-English summary Congressional Research Service

College Savings Act of 2007 - 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 make such increase permanent; and (2) allow a tax deduction up to $5,000 for contributions to an education savings account.

What's happening now January 16, 2007

Sponsor introductory remarks on measure. (CR S572-573)

 Committees of jurisdiction 1