To amend the Internal Revenue Code of 1986 to exclude from gross income employer contributions to college tuition plans and education savings accounts.
Education Savings Act of 2003 - Amends the Internal Revenue Code to exclude from the gross income of an employee amounts paid by the employer as contributions to an education savings entity held by the employee or spouse of the employee if the contributions are made pursuant to an educational assistance program.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E2067-2068)
Referred to the House Committee on Ways and Means.
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