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- S.195
S.195: 401(Kids) Education Savings Account Act of 2015
About This Bill
- Introduced Jan. 20, 2015
- Latest Major Action Jan. 20, 2015
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
401(Kids) Education Savings Account Act of 2015 Amends the Internal Revenue Code to: (1) eliminate after 2015 the income-based reduction of contributions to Coverdell education savings accounts, (2) increase the annual contribution limit for such accounts, (3) allow the use of such an account to pay home school expenses and the acquisition costs of a first-time homebuyer, and (4) allow tax-free rollovers of amounts in a Coverdell education...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Jan. 20, 2015 |
Read twice and referred to the Committee on Finance.
|
Jan. 20, 2015 |
Introduced in the Senate by Mark Steven Kirk (R-Ill.) |