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- H.R.1514
H.R.1514: Savings for Working Families Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced March 14, 2007
- Latest Major Action March 14, 2007
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
94 (55 Democrats, 40 Republicans)
Bill Summary
Savings for Working Families Act of 2007 - Allows certain low-income individuals between age 18 and 61 to establish tax-exempt individual development accounts (IDAs) to pay for certain qualified expenses, including education expenses, first-time homebuyer costs, and business capitalization or expansion costs. Sets forth rules for the establishment, maintenance, and termination of IDAs. Permits tax-free withdrawals from IDAs for qualified...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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March 14, 2007 |
Introduced in the House by Stephanie Tubbs Jones (D-Ohio) |