S.2972: College Savings Act of 2004

About This Bill

Bill Summary

The College Savings Act of 2004 - 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.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
Oct. 9, 2004

Introduced in the Senate by Maria Cantwell (D-Wash.)

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