S 26
110th Congress
Senate
Taxation
College costs
Congress
Congressional reporting requirements
Education
Education of the disadvantaged
Education savings accounts
Employee benefit plans
Governmental investigations
Higher education
Income tax
Labor and Employment
Social Welfare
Tax credits
Tax exclusion
Tax exemption
Lifelong Learning Accounts Act of 2007
Introduced: January 4, 2007
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 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
Lifelong Learning Accounts Act of 2007 - Amends the Internal Revenue Code to: (1) establish a tax-exempt lifelong learning account for the payment of certain employee higher education and training expenses; (2) allow individuals a nonrefundable tax credit for contributions to such accounts; and (3) allow employers a business-related tax credit for contributions to such accounts.
Directs the Secretary of the Treasury to study and report to Congress on such accounts and the tax credits enacted by this Act.
What's happening now
Sponsor introductory remarks on measure. (CR S572-573)
Committees of jurisdiction
1
Cosponsors
1