To amend the Internal Revenue Code of 1986 to allow taxfree expenditures from education individual retirement accounts for elementary and secondary school expenses and to increase the maximum annual amount of contributions to such accounts.
Parents and Students Savings Account Plus Act - Amends the Internal Revenue Code with respect to education individual retirement accounts to: (1) include qualified elementary and secondary education expenses (including home schooling); and (2) increase annual contribution limits to $2,000.
Sponsor introductory remarks on measure. (CR S2395-2396, S2399, S2401-2402)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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