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Helping Parents Save for College Act of 2022

12/29/2022, 11:48 PM

Congressional Summary of S 4103

Helping Parents Save for College Act of 2022

This bill allows a retirement savings tax credit for contributions to any qualified tuition program (e.g., a 529 qualified tuition plan). It also permits a rollover of unused contributions to a ROTH IRA savings account.

Current Status of Bill S 4103

Bill S 4103 is currently in the status of Bill Introduced since April 28, 2022. Bill S 4103 was introduced during Congress 117 and was introduced to the Senate on April 28, 2022.  Bill S 4103's most recent activity was Read twice and referred to the Committee on Finance. as of April 28, 2022

Bipartisan Support of Bill S 4103

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4103

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 4103

Helping Parents Save for College Act of 2022
Helping Parents Save for College Act of 2022
A bill to amend the Internal Revenue Code of 1986 to treat contributions to a qualified tuition program as qualified retirement savings contributions for purposes of the saver's credit.

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