H.R.2901: Lifelong Learning Accounts Act of 2007

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about congress
  • Introduced June 28, 2007
  • Latest Major Action June 28, 2007

Bill Summary

Lifelong Learning Accounts Act of 2007 - Amends the Internal Revenue Code to: (1) establish tax-exempt lifelong learning accounts to pay for certain higher education expenses and allow a tax deduction for cash contributions to such accounts; and (2) allow employers, employees, and self-employed individuals tax credits for contributions to such accounts.Requires the Comptroller General to study the effectiveness of such accounts and the tax...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
June 28, 2007

Introduced in the House by Thomas H. Allen (D-Maine)

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