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- S.76
S.76: College Savings Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced Jan. 24, 2005
- Latest Major Action Jan. 24, 2005
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
College Savings Act of 2005 - 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 |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Jan. 24, 2005 |
Introduced in the Senate by Maria Cantwell (D-Wash.) |