US SB1515 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on September 18 2013 - 25% progression, died in committee
Action: 2013-09-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 18 2013 - 25% progression, died in committee
Action: 2013-09-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
401Kids Family Savings Act of 2013 - Amends the Internal Revenue Code to: (1) rename Coverdell education savings accounts as 401Kids savings accounts, (2) allow the use of such accounts to pay the acquisition costs of a first-time homebuyer, and (3) allow tax-free rollovers of amounts in a 401Kids savings account to a Roth individual retirement account (Roth IRA).
Title
401Kids Family Savings Act of 2013
Sponsors
| Sen. Mark Kirk [R-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-09-18 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB2892 (Related) 2014-09-18 - Read twice and referred to the Committee on Finance.
Subjects
Bank accounts, deposits, capital
Elementary and secondary education
Employee benefits and pensions
Higher education
Housing finance and home ownership
Income tax exclusion
Student aid and college costs
Taxation
Elementary and secondary education
Employee benefits and pensions
Higher education
Housing finance and home ownership
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/1515/all-info |
| Text | https://www.congress.gov/113/bills/s1515/BILLS-113s1515is.pdf |
