College Saver's Credit Act of 2007
Latest action · Apr 26, 2007 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5201-5202)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 26, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
College Saver's Credit Act of 2007 - Amends the Internal Revenue Code to: (1) allow certain middle-income individual taxpayers age 18 or older a refundable tax credit for 50% of their contributions to a qualified tuition program (tax-exempt college savings plan), up to an annual limit of $2,000; and (2) require the distribution of financial education materials to participants in a qualified tuition program.
Requires the Secretary of the Treasury to study and report to Congress on the participation of individuals in qualified tuition programs.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jul 17, 2007.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | Johnny Isakson | Jul 17, 2007 |
Actions 3
Everything that happened, newest first.
- Apr 26, 2007Introduced in Senate
- Apr 26, 2007Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5201-5202)
- Apr 26, 2007Sponsor introductory remarks on measure. (CR S5200-5201)
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 26, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
