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- H.R.5473
H.R.5473: Student Savings Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced May 24, 2006
- Latest Major Action May 24, 2006
Bill Sponsor
Bill Cosponsors
7 (All Democrats)
Bill Summary
Student Savings Act of 2006 - Repeals the provision of the Tax Increase Prevention and Reconciliation Act of 2005 which subjects the passive income of minor children under the age of 18 (formerly, under the age of 14) to the marginal income tax rates of their parents. Imposes a surtax on individual adjusted gross income over $1 million to compensate for revenue losses resulting from such repeal.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| May 24, 2006 |
Introduced in the House by Bill Pascrell Jr. (D-N.J.) |