To amend the Internal Revenue Code of 1986 to increase the amount allowable as a first-year contribution to education individual retirement accounts and to adjust for inflation the amount allowable thereafter as an annual contribution to such accounts.
College Education and Graduation Enhancement (COLLEGE) Act - Amends the Internal Revenue Code to increase to $5,000 the amount allowable as a first-year contribution to an education individual retirement account and to permit contributions of up to $500 annually (adjusted for inflation) thereafter.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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