US SB2882 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-09-18 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5789)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-09-18 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5789)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Enhanced 529 - Setting Aside for a Valuable Education Act or the Enhanced 529 - S.A.V.E. Act - Amends the Internal Revenue Code to: (1) allow a tax credit for contributions to a qualified tuition program (529 tuition program); and (2) allow an exclusion, up to $600, from the gross income of an employee for employer contributions to a 529 tuition program.
Title
Enhanced 529 - S.A.V.E. Act
Sponsors
| Sen. Mitch McConnell [R-KY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-09-18 | Senate | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5789) |
| 2014-09-18 | Senate | Sponsor introductory remarks on measure. (CR S5788-5789) |
Same As/Similar To
HB529 (Related) 2013-02-06 - Referred to the House Committee on Ways and Means.
Subjects
Employee benefits and pensions
Employment taxes
Financial services and investments
Higher education
Income tax credits
Income tax exclusion
Student aid and college costs
Taxation
Employment taxes
Financial services and investments
Higher education
Income tax credits
Income tax exclusion
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/senate-bill/2882/all-info |
| Text | https://www.congress.gov/113/bills/s2882/BILLS-113s2882is.pdf |
