College Savings Protection Act

1/16/2023, 10:33 PM
College Savings Protection Act- Amends the Internal Revenue Code to: (1) permit private educational institutions to maintain qualified tuition programs; and (2) exclude distributions from such programs which are used to pay educational expenses from gross income.
Congress
107
Number
HR - 249
Introduced on
2001-01-30
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

1/30/2001
Text
PDF

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

College Savings Protection Act- Amends the Internal Revenue Code to: (1) permit private educational institutions to maintain qualified tuition programs; and (2) exclude distributions from such programs which are used to pay educational expenses from gross income.
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to permit private educational institutions to maintain qualified tuition programs and to provide that distributions from such programs which are used to pay educational expenses shall not be includible in gross income.
Policy Areas
Taxation
Potential Impact
College costs•
Colleges•
Education•
Education savings accounts•
Educational finance•
Finance and Financial Sector•
Higher education•
Income tax•
Labor and Employment•
Personal income tax•
Tax exclusion•
Vocational and technical education

Comments

Related

Member:  Spencer Bachus
Member:  Ron Paul
Bill Update Alert:  Economic Growth and Tax Relief Reconciliation Act of 2001

Recent Activity

Latest Summary11/28/2006
College Savings Protection Act- Amends the Internal Revenue Code to: (1) permit private educational institutions to maintain qualified tuition programs; and (2) exclude distributions from such programs which are used to pay educational expenses from ...
Latest Action8/13/2001
See H.R.1836.