US SB243 | 2015-2016 | 114th Congress
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 22 2015 - 25% progression, died in committee
Action: 2015-01-22 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 22 2015 - 25% progression, died in committee
Action: 2015-01-22 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
ACE Act Allocating for Children's Education Act Amends the Internal Revenue Code, with respect to Coverdale education savings accounts, to: (1) increase from $2,000 to $5,000 the maximum allowable contribution to such accounts in a taxable year, and (2) allow distributions from such accounts for the purchase of athletic equipment at elementary and secondary schools.
Title
ACE Act Allocating for Children's Education Act
Sponsors
| Sen. Deb Fischer [R-NE] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-22 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Bank accounts, deposits, capital
Elementary and secondary education
Higher education
Income tax exclusion
School athletics
Student aid and college costs
Taxation
Elementary and secondary education
Higher education
Income tax exclusion
School athletics
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/243/all-info |
| Text | https://www.congress.gov/114/bills/s243/BILLS-114s243is.pdf |
