To amend the Internal Revenue Code of 1986 to increase the annual contribution limit to Coverdell education savings accounts, and for other purposes.
Student Financial Readiness Act of 2006 - Amends the Internal Revenue Code to: (1) increase from $2,000 to $5,000 the annual contribution limit to Coverdell education savings accounts; (2) adjust such contribution limit for inflation after 2006; and (3) prohibit contributions by individuals whose modified adjusted gross income exceeds $150,000 ($300,000 for married couples filing joint tax returns).
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S251)
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1309)
Referred to the House Committee on Ways and Means.
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